Roan is a student in Ontario who travelled to BC for his summer job.When in BC he worked in mining camps and his residence was over 40 km from his actual place of employment.He spent $2000 moving to BC and back to Ontario and earned $22 000.During the remaining eight months he went to school full time.Which of the following describes his tax situation best?
A)He will be able to claim full tax credits for moving expenses,tuition,and the personal amount.
B)He will be able to deduct half the $2000 moving expenses because he lived more than 40 km from his work,and can claim tax credits for tuition and the basic personal amount.
C)He will be able to deduct $2000 for moving expenses and claim tax credits for tuition and the basic personal amount.
D)He will not be able to deduct moving expenses as he lived more than 40 km from his work,but he can claim tax credits for tuition and the basic personal amount.

Question

Quizplus · Accepted Answer

In Canada, students can deduct moving expenses if they move more than 40 km closer to their work or school. Since Roan moved for a summer job and later attended school full-time, he can deduct the $2000 moving expenses and claim tax credits for tuition and the basic personal amount.

Roan Is a Student in Ontario Who Travelled to BC