I-3 - Taxation Act

Section 350 Disposition versions

2009-05-15

350. For the purposes of section 348, expenses incurred by an individual as moving expenses are

(a)  travel costs, including a reasonable amount for meals and lodging, in the course of moving the individual and other members of the individual’s household;

(b)  the cost to the individual of transporting or storing household effects in the course of moving;

(c)  the cost of meals and lodging near the individual’s old residence or new residence for the individual and other members of the individual’s household for a period not exceeding 15 days;

(d)  the cost to the individual of cancelling the lease of the individual’s old residence;

(e)  the selling costs of the individual’s old residence;

(f)  where the old residence is sold by the individual or the individual’s spouse as a result of the move, the legal costs incurred for the acquisition of the individual’s new residence that are required for that acquisition and any tax, fee or duty, other than any goods and services tax or value-added tax, imposed on the transfer of the right of ownership to, or registration of rights arising out of the acquisition of, the new residence;

(g)  interest, property taxes, insurance premiums and the cost of heating and utilities in respect of the old residence, to the extent of the lesser of $5,000 and the total of such expenses of the individual for the period

i.  throughout which the old residence is neither ordinarily occupied by the individual or by any other person who ordinarily resided with the individual at the old residence immediately before the move nor rented by the individual to any other person, and

ii.  in which reasonable efforts are made to sell the old residence; and

(h)  the cost of revising legal documents to reflect the address of the individual’s new residence, of replacing drivers’ licenses and personal vehicle permits, excluding any cost for vehicle insurance, and of connecting or disconnecting utilities.

1972, c. 23, s. 319; 1978, c. 26, s. 55; 1991, c. 25, s. 71; 1994, c. 22, s. 148; 1997, c. 85, s. 67; 2000, c. 5, s. 91; 2001, c. 53, s. 63; 2003, c. 2, s. 111; 2009, c. 5, s. 126.

2006-03-01

350. For the purposes of section 348, expenses incurred by an individual as moving expenses are

(a)  travel costs, including a reasonable amount for meals and lodging, in the course of moving the individual and members of the individual’s household;

(b)  the cost to the individual of transporting or storing household effects in the course of moving;

(c)  the cost of meals and lodging near the individual’s old residence or new residence for the individual and members of the individual’s household for a period not exceeding 15 days;

(d)  the cost to the individual of cancelling the lease of the individual’s old residence;

(e)  the selling costs of the individual’s old residence;

(f)  where the old residence is sold by the individual or the individual’s spouse as a result of the move, the legal costs incurred for the acquisition of the individual’s new residence that are required for that acquisition and any tax, fee or duty, other than any goods and services tax or value-added tax, imposed on the transfer of the right of ownership to, or registration of rights arising out of the acquisition of, the new residence;

(g)  interest, property taxes, insurance premiums and the cost of heating and utilities in respect of the old residence, to the extent of the lesser of $5,000 and the total of such expenses of the individual for the period

i.  throughout which the old residence is neither ordinarily occupied by the individual or by any other person who ordinarily resided with the individual at the old residence immediately before the move nor rented by the individual to any other person, and

ii.  in which reasonable efforts are made to sell the old residence; and

(h)  the cost of revising legal documents to reflect the address of the individual’s new residence, of replacing drivers’ licenses and personal vehicle permits, excluding any cost for vehicle insurance, and of connecting or disconnecting utilities.

1972, c. 23, s. 319; 1978, c. 26, s. 55; 1991, c. 25, s. 71; 1994, c. 22, s. 148; 1997, c. 85, s. 67; 2000, c. 5, s. 91; 2001, c. 53, s. 63; 2003, c. 2, s. 111.