I-3 - Taxation Act

Section 348 Disposition versions

2010-04-20

348. An individual may deduct in computing the individual’s income for a taxation year amounts paid by the individual as moving expenses incurred in respect of an eligible relocation, to the extent that

(a)  they were not paid on the individual’s behalf because of, or in the course of, the individual’s office or employment;

(b)  they were not deductible because of this chapter in computing the individual’s income for the preceding taxation year;

(c)  the aggregate of those amounts does not exceed

i.  where the eligible relocation occurs to enable the individual to carry on a business or to be employed at a new work location, the aggregate of the individual’s income for the year from the individual’s employment at the new work location or from carrying on the business at the new work location and the amount included in computing the individual’s income for the year under paragraph e.6 of section 311 in respect of the individual’s employment at the new work location, and

ii.  where the eligible relocation occurs to enable the individual to be a student in full-time attendance enrolled in a program at a post-secondary level at a location of a university, college or other educational institution, the aggregate of all amounts included in computing the individual’s income for the year under paragraph h of section 312; and

(d)  any reimbursement or allowance received by the individual in respect of those expenses is included in computing the individual’s income.

1972, c. 23, s. 317; 1972, c. 26, s. 45; 1979, c. 18, s. 27; 1986, c. 15, s. 72; 1986, c. 19, s. 66; 1994, c. 22, s. 350; 2001, c. 53, s. 61; 2002, c. 40, s. 34; 2010, c. 5, s. 39.

2006-03-01

348. An individual may deduct in computing the individual’s income for a taxation year amounts paid by the individual as moving expenses incurred in respect of an eligible relocation, to the extent that

(a)  they were not paid on the individual’s behalf because of, or in the course of, the individual’s office or employment;

(b)  they were not deductible because of this chapter in computing the individual’s income for the preceding taxation year;

(c)  the aggregate of those amounts does not exceed

i.  where the eligible relocation occurs to enable the individual to carry on a business or to be employed at a new work location, the individual’s income for the year from the individual’s employment at the new location or from carrying on the business at the new work location, and

ii.  where the eligible relocation occurs to enable the individual to be a student in full-time attendance enrolled in a program at a post-secondary level at a location of a university, college or other educational institution, the aggregate of all amounts included in computing the individual’s income for the year under paragraph h of section 312; and

(d)  any reimbursement or allowance received by the individual in respect of those expenses is included in computing the individual’s income.

1972, c. 23, s. 317; 1972, c. 26, s. 45; 1979, c. 18, s. 27; 1986, c. 15, s. 72; 1986, c. 19, s. 66; 1994, c. 22, s. 350; 2001, c. 53, s. 61; 2002, c. 40, s. 34.