Moving Expenses

[S L]

Hi there,

 

Wondering if I am allowed to include the Property Transfer Tax (PTT) in the T1 Moving Expenses line 22?

Thanks in advance for any help!

[Geo123]

Hello S L,

Please see the note below as per the CRA.

Cost of selling your old home includes the following:

    advertising
    notary or legal fees  < ---- SEE BELOW *
    real estate commission
    mortgage penalty when the mortgage is paid off before maturity

*Note 

The cost of buying your new home includes legal or notary fees you paid to buy your new home, as well as any taxes paid (other than GST/HST) for the transfer or registration of title to the new home.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-21900-moving-expenses/line-21900-expenses-you-deduct.html

[S L]

Thanks Geo123

I saw that direction from the CRA already (did some sleuthing before I sent in this help request) but it does not clear up my question because I am not clear on whether the Property Transfer Tax is considered a "tax paid for the transfer or registration of a new home." 

[Geo123]

Hello S L,

It would be best to check with the CRA.