Buys new house in 2007 and moving in 2008. -

This came from http://www2.jurock.com/askexpert/-- the first place to look for real estate information and expert answers formrealtors, accountants, mortgage brokers and even Ozzie Jurock himself -

My question is: Canadian-specific

QUESTION:MOVING EXPENSES:
In 2007 we bought a house in BC with the intention of movingin it.  We could not sale our house in AB so we stayed in AB.
We will bemoving to BC this spring.
Would we be able to write off the expenses incuredin the 2007 purchase of our  house in BC on our 2008 movingexpenses?
Thanks alot


---------------------------------------------------------------------------
davidingram replies:
I se no reason that you can not although that specificsituation is not one of the examples that comes with the form at http://www.cra-arc.gc.ca/E/pbg/tf/t1-m/t1-m-07-e.pdf


Itis not unusual for someone to buiy their new house in Decembver and move inJanuary and the closing costs, etc are just included.  The diffivultyarises when you pay expenses in the year AFTER the move.  Then you need toinclude an explanation and  carry the expenses back with a T1-ADJ.
David Ingram wrote:

On January 29, 2008, David Ingram wrote:

It is very unlikely that blind or unexpected email to mewill be answered.  I receive anywhere from 100 to 700  unsolicitedemails a day and usually answer anywhere from 2 to 20 if they are not fromexisting clients.  Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and getanswered first.  I also refuse to be a slave to email and do not look at itevery day and have never ever looked at it when I am out of town. 
e bankruptcy expert  USCanada Canadian American  Mexican Income Tax  service andhelp
However, I regularly search for the words"PAYING CUSTOMER" andalways answer them first if they did not get spammed out. For the last twoweeks, I have just found out that my own email notes to myself have been spammedout and as an example, as I wrote this on Dec 25, 2007 since June 16th, my'spammed out' box has 47,941 unread messages, my deleted box has 16645 I haveactually looked at and deleted and I have actually answered 1234 email questionsfor clients and strangers without sending a bill.  I have also put aside847 messages that I am maybe going to try and answer because they lookinteresting. -ebankruptcy expert  US Canada Canadian American  Mexican Income Taxservice and  help
Therefore, if an email is not answered in 24 to 48 hours,it is likely lost in space.  You can try andresend it but if important AND YOU TRULY WANT OR NEED AN ANSWER from 'me', youwill have to phone to make an appointment.  Gillian Bryan generally acceptsappointment requests for me between 10:30 AM and 4:00 PM Monday to FridayVANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321.  david ingramexpert  US Canada Canadian American  Mexican Income Tax service and help.
david ingram's US / Canada Services
US / Canada/ Mexico tax, Immigration and working Visa Specialists
US / Canada RealEstate Specialists
My Home office is at:
4466 Prospect Road
North Vancouver,  BC, CANADA, V7N3L7
Cell (604) 657-8451 -
(604)980-0321 Fax (604) 980-0325

Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time -  (please do not fax or phoneoutside of those hours as this is a home office) expert  US Canada Canadian American  Mexican IncomeTax  service help.
 email to [email protected]
www.centa.com www.david-ingram.com
 
Disclaimer:  This question has been answered without detailedinformation or consultation and is to be regarded only as generalcomment.   Nothing in this message is or should be construed as advicein any particular circumstances. No contract exists between the reader and theauthor and any and all non-contractual duties are expressly denied. Allreaders should obtain formal advice from a competent andappropriately qualified legal practitioner or tax specialistfor expert help, assistance, preparation,or consultation  in connection with personal orbusiness affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."e bankruptcy expert  USCanada Canadian American  Mexican Income Tax  service andhelp.
David Ingram gives expert incometax & immigration help to non-resident Americans & Canadians fromNew York to California to Mexico  family,estate, income trust trusts Cross border, dual citizen - out ofcountry investments are all handled with competence &authority.
 
Phoneconsultations are $450 for 15 minutes to 50 minutes (professional hour). Pleasenote that GST is added if product remains in Canada or is to be returned toCanada or a phone consultation is in Canada. ($472.50 with GST if inCanada)expert  US Canada Canadian American  Mexican IncomeTax  service and help.
This is not intended to be definitive but ingeneral I am quoting $900 to $3,000 for a dual country taxreturn.
$900 would be one T4 slip one W2 slip one or twointerest slips and you lived in one country only (but were filing bothcountries) - no self employment or rentals or capital gains - you did not moveinto or out of the country in this year.
 
$1,200 would be the same with one rental
 
$1,300 would be the same with one business norental
 
$1,300 would be the minimum with a move in or outof the country. These are complicated because of the back and forth foreign taxcredits. - The IRS says a foreign tax credit takes 1 hour and 53minutes.
 
$1,600 would be the minimum with a rental or two inthe country you do not live in or a rental and a business and foreign taxcredits  no move in or out

$1,700 would be for two people with income from twocountries

$3,000 would be all of the above and you moved inand out of the country.
 
This is just a guideline for US / Canadianreturns
 
We will still prepare Canadian only (lives inCanada, no US connection period) with two or three slips and no capitalgains, etc. for $200.00 up.
 
With a Rental for $400, two or three rentals for$550 to $700 (i.e. $150 per rental) First year Rental - plus$250.
 
A Business for $400 - Rental and business likely$550 to $700
 
And an American only (lives in the US with noCanadian income or filing period) with about the same things in the same rangewith a little bit more if there is a state return.
 
Moving in or out of the country or part yearearnings in the US will ALWAYS be $900 and up.
 
TDF 90-22.1 forms are $50 for the first and $25.00each after that when part of a tax return.
 
8891 forms are generally $50.00 to $100.00each.
 
18 RRSPs would be $900.00 - (maybe amalgamate acouple)
 
Capital gains *sales)  are likely $50.00 forthe first and $20.00 each after that.

Catch - up returns for the US where we use theCanadian return as a guide for seven years at a time will be from $150 to$600.00 per year depending upon numbers of bank accounts, RRSP's, existence ofrental houses, self employment, etc. Note that these returns tend to beinformational rather than taxable.  In fact, if there are childreninvolved, we usually get refunds of $1,000 per child per year for 3 years. We have done several catch-ups where the client has recieved as much as $6,000back for an $1,800 bill and one recently with 6 children is resulting in over$12,000 refund. 

This is a guideline not etchedin stone.  If you do your own TDF-90 forms, itis to your advantage. However, if we put them in the first year, the computercarries them forward beautifully.
 
This from "ask an income trusts tax service and immigrationexpert" from www.centa.com or www.jurock.com or www.featureweb.com. David Ingram deals on a dailybasis with expatriate tax returns with multi jurisdictional cross andtrans border expatriate problems  for the United States, Canada, Mexico,Great Britain, United Kingdom, Kuwait, Dubai, Saudi Arabia, Thailand,Indonesia, Japan, China, New Zealand, France, Germany, Spain, Italy, Russia,Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida,Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali,Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent,Grenada,, Virgin Islands, US, UK, GB, and any of the 43 states with state taxreturns, etc. Rockwall, Dallas, San Antonio Houston, Denmark, Finland,Sweden Norway Bulgaria Croatia Income Tax and Immigration Tips, Income Tax Immigration Wizard AntarcticaRwanda Guru  Consultant Specialist Section 216(4) 216(1) NR6NR-6 NR 6 Non-Resident Real Estate tax specialist expertpreparer expatriate anti money laundering money seasoningFINTRAC E677 E667 105 106 TDF-90 Reporting $10,000 cross bordertransactions Grand Cayman Aruba Zimbabwe South Africa Namibia help USA US IncomeTax Convention. Advice on bankruptcy  e bankruptcy expert  US Canada Canadian American Mexican Income Tax service and help.

David Ingramexpert income tax service and immigration help and preparation of US Canada Mexico
non-resident and cross border returnswith rental dividend wages self-employed and royalty foreign tax credits familyestate trust trusts
income tax convention treaty advice onbankruptcy

New York, Boston, Sacramento, Minneapolis, Salem,Wheeling, Philadelphia, Pittsburgh, Atlanta, Pensacola, Miami, St Petersburg,Naples, Fort Myers, Cape Coral, Orlando, Atlanta, Arlington, Washington, Hudson,Green Bay, Minot, Portland, Seattle, St John, St John's, Fredericton, Quebec,Moncton, Truro, Atlanta, Charleston, San Francisco, Los Angeles, San Diego,Sacramento, Taos, Grand Canyon, Reno, Las Vegas, Phoenix, Sun City, Tulsa,Monteray, Carmel, Morgantown, Bemidji, Sandpointe, Pocatello, Bellingham,Custer, Grand Forks, Lead, Rapid City, Mitchell, Kansas City, Lawrence, Houston,Albany, Framingham, Cambridge, London, Paris, Prince George, Prince Rupert,Whitehorse, Anchorage, Fairbanks, Frankfurt, The Hague, Lisbon, Madrid, Atlanta,Myrtle Beach, Key West, Cape Coral, Fort Meyers,   Berlin,Hamburg,  Warsaw, Auckland, Wellington, Honolulu, Maui, Kuwait, Molokai,Beijing, Shanghai, Tokyo, Manilla, Kent, Winnipeg, Saskatoon, Regina, Red Deer,Olds, Medicine Hat, Lethbridge, Moose Jaw, Brandon, Portage La Prairie,Davidson, Craik, Edmonton, Calgary, Victoria, Vancouver, Burnaby, Surrey,Edinburgh, Dublin, Belfast, Glasgow, Copenhagen, Oslo, Munich, Sydney, Nanaimo,Brisbane, Melbourne, Darwin, Perth, Athens, Rome, Berne, Zurich, Kyoto, Nanking,Rio De Janeiro, Brasilia, Colombo, Buenos Aries, Squamish, Churchill, Lima,Santiago, Abbotsford, Cologne, Yorkshire, Hope, Penticton, Kelowna, Vernon, FortMacLeod, Deer Lodge, Springfield, St Louis, Centralia, Bradford, Stratford onAvon, Niagara Falls, Atlin, Fort Nelson, Fort St James, Red Deer, Drumheller,Fortune, Red Bank, Marystown, Cape Spears, Truro, Charlottetown, Summerside,Niagara Falls, income trust, Income Tax Treaty Convention. - e bankruptcy expert  US CanadaCanadian American  Mexican Income Tax  service andhelp.
david ingramInternational non-resident cross border expert income tax & immigration helpestate family trust assistance expert preparation &immigration consultant, income trusts experts on rentals mutualfunds RRSP RESP IRA 401(K) & divorce preparer preparersconsultants Income Tax Convention Treaty.  advice on bankruptcy expert  USCanada Canadian American  Mexican Income Taxhelp.
  
Be ALERT,  the world needs more"lerts".  bankruptcy expert  US Canada Canadian American  Mexican Income Taxservice help.  -

 expert us Canada Canadian Mexico income taxservice and help help





No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.516 / Virus Database: 269.19.21/1265 - Release Date: 07/02/2008

This came from http://www2.jurock.com/askexpert/-- the first place to look for real estate information and expert answers formrealtors, accountants, mortgage brokers and even Ozzie Jurock himself -

My question is: Canadian-specific

QUESTION:MOVING EXPENSES:
In 2007 we bought a house in BC with the intention of movingin it.  We could not sale our house in AB so we stayed in AB.
We will bemoving to BC this spring.
Would we be able to write off the expenses incuredin the 2007 purchase of our  house in BC on our 2008 movingexpenses?
Thanks alot


---------------------------------------------------------------------------
davidingram replies:
I se no reason that you can not although that specificsituation is not one of the examples that comes with the form at http://www.cra-arc.gc.ca/E/pbg/tf/t1-m/t1-m-07-e.pdf


Itis not unusual for someone to buiy their new house in Decembver and move inJanuary and the closing costs, etc are just included.  The diffivultyarises when you pay expenses in the year AFTER the move.  Then you need toinclude an explanation and  carry the expenses back with a T1-ADJ.
David Ingram wrote:

On January 29, 2008, David Ingram wrote:

It is very unlikely that blind or unexpected email to mewill be answered.  I receive anywhere from 100 to 700  unsolicitedemails a day and usually answer anywhere from 2 to 20 if they are not fromexisting clients.  Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and getanswered first.  I also refuse to be a slave to email and do not look at itevery day and have never ever looked at it when I am out of town. 
e bankruptcy expert  USCanada Canadian American  Mexican Income Tax  service andhelp
However, I regularly search for the words"PAYING CUSTOMER" andalways answer them first if they did not get spammed out. For the last twoweeks, I have just found out that my own email notes to myself have been spammedout and as an example, as I wrote this on Dec 25, 2007 since June 16th, my'spammed out' box has 47,941 unread messages, my deleted box has 16645 I haveactually looked at and deleted and I have actually answered 1234 email questionsfor clients and strangers without sending a bill.  I have also put aside847 messages that I am maybe going to try and answer because they lookinteresting. -ebankruptcy expert  US Canada Canadian American  Mexican Income Taxservice and  help
Therefore, if an email is not answered in 24 to 48 hours,it is likely lost in space.  You can try andresend it but if important AND YOU TRULY WANT OR NEED AN ANSWER from 'me', youwill have to phone to make an appointment.  Gillian Bryan generally acceptsappointment requests for me between 10:30 AM and 4:00 PM Monday to FridayVANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321.  david ingramexpert  US Canada Canadian American  Mexican Income Tax service and help.
david ingram's US / Canada Services
US / Canada/ Mexico tax, Immigration and working Visa Specialists
US / Canada RealEstate Specialists
My Home office is at:
4466 Prospect Road
North Vancouver,  BC, CANADA, V7N3L7
Cell (604) 657-8451 -
(604)980-0321 Fax (604) 980-0325

Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time -  (please do not fax or phoneoutside of those hours as this is a home office) expert  US Canada Canadian American  Mexican IncomeTax  service help.
 email to [email protected]
www.centa.com www.david-ingram.com
 
Disclaimer:  This question has been answered without detailedinformation or consultation and is to be regarded only as generalcomment.   Nothing in this message is or should be construed as advicein any particular circumstances. No contract exists between the reader and theauthor and any and all non-contractual duties are expressly denied. Allreaders should obtain formal advice from a competent andappropriately qualified legal practitioner or tax specialistfor expert help, assistance, preparation,or consultation  in connection with personal orbusiness affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."e bankruptcy expert  USCanada Canadian American  Mexican Income Tax  service andhelp.
David Ingram gives expert incometax & immigration help to non-resident Americans & Canadians fromNew York to California to Mexico  family,estate, income trust trusts Cross border, dual citizen - out ofcountry investments are all handled with competence &authority.
 
Phoneconsultations are $450 for 15 minutes to 50 minutes (professional hour). Pleasenote that GST is added if product remains in Canada or is to be returned toCanada or a phone consultation is in Canada. ($472.50 with GST if inCanada)expert  US Canada Canadian American  Mexican IncomeTax  service and help.
This is not intended to be definitive but ingeneral I am quoting $900 to $3,000 for a dual country taxreturn.
$900 would be one T4 slip one W2 slip one or twointerest slips and you lived in one country only (but were filing bothcountries) - no self employment or rentals or capital gains - you did not moveinto or out of the country in this year.
 
$1,200 would be the same with one rental
 
$1,300 would be the same with one business norental
 
$1,300 would be the minimum with a move in or outof the country. These are complicated because of the back and forth foreign taxcredits. - The IRS says a foreign tax credit takes 1 hour and 53minutes.
 
$1,600 would be the minimum with a rental or two inthe country you do not live in or a rental and a business and foreign taxcredits  no move in or out

$1,700 would be for two people with income from twocountries

$3,000 would be all of the above and you moved inand out of the country.
 
This is just a guideline for US / Canadianreturns
 
We will still prepare Canadian only (lives inCanada, no US connection period) with two or three slips and no capitalgains, etc. for $200.00 up.
 
With a Rental for $400, two or three rentals for$550 to $700 (i.e. $150 per rental) First year Rental - plus$250.
 
A Business for $400 - Rental and business likely$550 to $700
 
And an American only (lives in the US with noCanadian income or filing period) with about the same things in the same rangewith a little bit more if there is a state return.
 
Moving in or out of the country or part yearearnings in the US will ALWAYS be $900 and up.
 
TDF 90-22.1 forms are $50 for the first and $25.00each after that when part of a tax return.
 
8891 forms are generally $50.00 to $100.00each.
 
18 RRSPs would be $900.00 - (maybe amalgamate acouple)
 
Capital gains *sales)  are likely $50.00 forthe first and $20.00 each after that.

Catch - up returns for the US where we use theCanadian return as a guide for seven years at a time will be from $150 to$600.00 per year depending upon numbers of bank accounts, RRSP's, existence ofrental houses, self employment, etc. Note that these returns tend to beinformational rather than taxable.  In fact, if there are childreninvolved, we usually get refunds of $1,000 per child per year for 3 years. We have done several catch-ups where the client has recieved as much as $6,000back for an $1,800 bill and one recently with 6 children is resulting in over$12,000 refund. 

This is a guideline not etchedin stone.  If you do your own TDF-90 forms, itis to your advantage. However, if we put them in the first year, the computercarries them forward beautifully.
 
This from "ask an income trusts tax service and immigrationexpert" from www.centa.com or www.jurock.com or www.featureweb.com. David Ingram deals on a dailybasis with expatriate tax returns with multi jurisdictional cross andtrans border expatriate problems  for the United States, Canada, Mexico,Great Britain, United Kingdom, Kuwait, Dubai, Saudi Arabia, Thailand,Indonesia, Japan, China, New Zealand, France, Germany, Spain, Italy, Russia,Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida,Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali,Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent,Grenada,, Virgin Islands, US, UK, GB, and any of the 43 states with state taxreturns, etc. Rockwall, Dallas, San Antonio Houston, Denmark, Finland,Sweden Norway Bulgaria Croatia Income Tax and Immigration Tips, Income Tax Immigration Wizard AntarcticaRwanda Guru  Consultant Specialist Section 216(4) 216(1) NR6NR-6 NR 6 Non-Resident Real Estate tax specialist expertpreparer expatriate anti money laundering money seasoningFINTRAC E677 E667 105 106 TDF-90 Reporting $10,000 cross bordertransactions Grand Cayman Aruba Zimbabwe South Africa Namibia help USA US IncomeTax Convention. Advice on bankruptcy  e bankruptcy expert  US Canada Canadian American Mexican Income Tax service and help.

David Ingramexpert income tax service and immigration help and preparation of US Canada Mexico
non-resident and cross border returnswith rental dividend wages self-employed and royalty foreign tax credits familyestate trust trusts
income tax convention treaty advice onbankruptcy

New York, Boston, Sacramento, Minneapolis, Salem,Wheeling, Philadelphia, Pittsburgh, Atlanta, Pensacola, Miami, St Petersburg,Naples, Fort Myers, Cape Coral, Orlando, Atlanta, Arlington, Washington, Hudson,Green Bay, Minot, Portland, Seattle, St John, St John's, Fredericton, Quebec,Moncton, Truro, Atlanta, Charleston, San Francisco, Los Angeles, San Diego,Sacramento, Taos, Grand Canyon, Reno, Las Vegas, Phoenix, Sun City, Tulsa,Monteray, Carmel, Morgantown, Bemidji, Sandpointe, Pocatello, Bellingham,Custer, Grand Forks, Lead, Rapid City, Mitchell, Kansas City, Lawrence, Houston,Albany, Framingham, Cambridge, London, Paris, Prince George, Prince Rupert,Whitehorse, Anchorage, Fairbanks, Frankfurt, The Hague, Lisbon, Madrid, Atlanta,Myrtle Beach, Key West, Cape Coral, Fort Meyers,   Berlin,Hamburg,  Warsaw, Auckland, Wellington, Honolulu, Maui, Kuwait, Molokai,Beijing, Shanghai, Tokyo, Manilla, Kent, Winnipeg, Saskatoon, Regina, Red Deer,Olds, Medicine Hat, Lethbridge, Moose Jaw, Brandon, Portage La Prairie,Davidson, Craik, Edmonton, Calgary, Victoria, Vancouver, Burnaby, Surrey,Edinburgh, Dublin, Belfast, Glasgow, Copenhagen, Oslo, Munich, Sydney, Nanaimo,Brisbane, Melbourne, Darwin, Perth, Athens, Rome, Berne, Zurich, Kyoto, Nanking,Rio De Janeiro, Brasilia, Colombo, Buenos Aries, Squamish, Churchill, Lima,Santiago, Abbotsford, Cologne, Yorkshire, Hope, Penticton, Kelowna, Vernon, FortMacLeod, Deer Lodge, Springfield, St Louis, Centralia, Bradford, Stratford onAvon, Niagara Falls, Atlin, Fort Nelson, Fort St James, Red Deer, Drumheller,Fortune, Red Bank, Marystown, Cape Spears, Truro, Charlottetown, Summerside,Niagara Falls, income trust, Income Tax Treaty Convention. - e bankruptcy expert  US CanadaCanadian American  Mexican Income Tax  service andhelp.
david ingramInternational non-resident cross border expert income tax & immigration helpestate family trust assistance expert preparation &immigration consultant, income trusts experts on rentals mutualfunds RRSP RESP IRA 401(K) & divorce preparer preparersconsultants Income Tax Convention Treaty.  advice on bankruptcy expert  USCanada Canadian American  Mexican Income Taxhelp.
  
Be ALERT,  the world needs more"lerts".  bankruptcy expert  US Canada Canadian American  Mexican Income Taxservice help.  -

 expert us Canada Canadian Mexico income taxservice and help help





No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.516 / Virus Database: 269.19.21/1265 - Release Date: 07/02/2008

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