Assignment 7 – Prepare a tax return with moving expenses and employment expenses

Objective:

• Learn how to claim moving expenses – Form T1(M)
• Learn how to claim employment expenses – Form T777

Instructions:

• This person is salaried, not commission based

Home office:

• Heat: $1,200
• Hydro: $1,020
• Property Tax: $3,900

Documents for Assignment

T4 – Toronto
T4 – Ottawa
Moving Expenses
Declaration of Employment Conditions

Additional Questions to Complete

1. Under what conditions can an employee deduct employment expenses? Please provide 3 examples.
2. What are the basic requirements to be able to claim moving expenses?
3. A tradesperson spent $3000 in one year on tools. How much can s/he claim
4. A person moved 5000km by car for a new job and spent $1500 on gas. How much in vehicle expenses can this person claim?