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What To Know About Relocation Packages When You Move In Canada For A Job

Relocation Packages and Long Distance Moves When you work for a company, and they ask you to move in Canada to take a new position in another city, you may get a relocation package. Relocation packages can come in the form of stipends for moving, salary bonuses, temporary housing, long distance moving services covered by the company, or other help getting settled in to your new home (and life!). In this article, we’ll discuss what you should know about relocation packages when you move in Canada for a job. Relocation expenses are not tax benefits for companies, usually According to the CRA, the expenses of moving an employee to a new city are not eligible for tax deductions. See this page: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/bnfts/prvdd/mvng/menu-eng.html   However, depending on the circumstance, an employee may be able to claim relocation costs as taxable benefits. See this page for more info: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/bnfts/prvdd/mvng/txbl-eng.html   There may also be taxable benefits if you get a home relocation loan by your company. See this page for more info: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/bnfts/prvdd/mvng/hm-eng.html   This article on Monster.ca also covers this topic: https://www.monster.ca/career-advice/article/tax-deductions-when-moving-for-work-or-school Relocation packages can include temporary accommodation, or company housing Sometimes, people who have to relocate for their jobs are put up in a home paid for by the company – for them and their family. It might be cheaper for the company than paying for you to travel a lot on business. If you are asked to find the accommodation, for reimbursement later, check out our article on this topic here: Finding temporary accommodation when doing a cross country move in Canada You can negotiate your relocation package...