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deduct moving expenses

Are Moving Expenses Tax Deductible?

Every year, many Canadians move their primary residences for a new job, start a business, or full-time post-secondary education. Relocation for many individuals can cause a lot of stress, unforeseen changes, and unexpected expenses. The Canada Revenue Agency (CRA) states that you can claim certain
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4 Tax Write-Offs and Deductions for Small Businesses in Ontario

Key Takeaways: Business owners can significantly reduce their tax payments by claiming deductions on their ongoing expenses Some of the most common tax write-offs include office expenses, car expenses, capital assets, and general operating expenses It’s useful to work with a professional to know what