ADMS 3520 Chapter Notes - Chapter 8: Unemployment Benefits

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Annuity payments out of a retirement plan. Disability benefits received if your employer did not pay for the insurance. Interest expense (if loan was used for investment purposes) Are deductible if new home is 40 km closer to your new work location or post-secondary institution. Moving expenses are deductible against the income earned in the new location. If they cannot be deducted in one year, they can be carried forward to next year. List of deductible moving expenses is in book. These are claimed by the lower income spouse. Limited as follows: the least of: amount paid, maximum per child. Disabled = 10,000: 2/3 of earned income. Higher income spouse can claim expense if lower income spouse is in school, or infirm and unable to care for children, or in prison. For an individual eligible for the disability tax credit, expenses for attendant care can be included in medical expenses tax credit or.

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