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What is the deductible amount of moving expenses

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Question - Diane Weber is employed as Personnel Director of B Ltd., an international corporation. Diane was living in Vancouver at the beginning of last year, but B. Ltd. moved her to Hamilton effective December 1st. Diane rented a three-bedroom townhouse in Vancouver but purchased a two-bedroom house in Hamilton on December 20th. Diane has supplied you with the following information concerning her moving costs:

Air transportation for Diane $3,000

Moving costs $3,100

Temporary living expenses (hotels and meals) in Hamilton for 20 days $2,500

Storage $1,250

Lease cancellation fee paid to Vancouver landlord $1,200

Legal fees to purchase new home $3,600

Property taxes paid from December 21st to 31st $400

Moving allowance paid by B. Ltd $4,000

Diane's net employment income in Hamilton from December 1st to 31st $5,600

What is the deductible amount of moving expenses that Diane can claim in her personl income tax return for the year of the move?

Reference no: EM132600222

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