If you’re self-employed, your net eligible income is net self-employment income earned at the new work location minus any deductions (union and professional dues, and deduction for CPP/QPP contributions) claimed on your return. If you’re an employee, your net eligible income is your employment income (from your T4 and/or T4A slips) that you earned at the new work location minus any deductions (RPP, union dues, employment expenses, clergy residence, or income amounts repaid) you claimed on your return. To claim your moving expenses, you’ll need to enter your net eligible income on the moving expenses form. if you reduce your moving expenses by the amount received.if you include the amount you received in your income or. Note: If you received a reimbursement or an allowance for your moving expenses you can only claim these expenses: You can’t deduct these expenses from any other type of income such as investment or employment insurance benefits, even if these were received at your new location. If you’re employed or self-employed, you can deduct moving expenses only if you’ve earned employment or self-employment income at the new location. Both the T1-M and TP-348-V forms are combined in H&R Block’s tax software. Note: If you’re filing a Québec return, you’ll also need to complete the TP-348-V: Moving Expenses form. If, in 2016, you moved at least 40 kilometres closer (by the shortest usual public route) to a new location to work, to run a business, or to take courses as a full-time student in a post-secondary program, you might be able to claim a moving expenses deduction on the T1-M: Moving Expenses Deduction form.
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