Deductions from Tax Returns


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gforacle   
Member since: Oct 05
Posts: 103
Location: Brampton

Post ID: #PID Posted on: 27-12-06 22:10:40

Hello,

I recently moved to Toronto, and wil be filing my first tax return for 2006. I was sef-employed for 3 months, and now working as permanent employee.

Can I claim Moving expenses (Cargo related) and Medical Insurance as deductibles.

Regards
gforacle



chandresh   
Member since: Mar 03
Posts: 2606
Location: Toronto

Post ID: #PID Posted on: 30-12-06 12:40:58

Quote:
Originally posted by gforacle

Hello,

I recently moved to Toronto,



from where? Are you closer to your work place by more than 40kms than you were before you moved to the new place?

Quote:
Originally posted by gforacle

and wil be filing my first tax return for 2006.



MOST people file only one tax return for each year - they do not file first and second and so forth!

Quote:
Originally posted by gforacle

Can I claim ............. Medical Insurance as deductibles.



How do you relate medical insurance expenses to moving expenses????

Chandresh


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Chandresh

Advice is free – lessons I charge for!!


dp_jain   
Member since: Jan 04
Posts: 418
Location: Brampton

Post ID: #PID Posted on: 30-12-06 14:20:08

Quote:
Originally posted by gforacle

Hello,

I recently moved to Toronto, and wil be filing my first tax return for 2006. I was sef-employed for 3 months, and now working as permanent employee.

Can I claim Moving expenses (Cargo related) and Medical Insurance as deductibles.

Regards
gforacle



Hi,

What appears to me from your question is that you moved to Toronto on immigaration in this year. If this is the case, sorry, no moving exp deduction. But, you can claim medical insurance premium subject to other conditions.


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