Ch. 16 - Other Deductions - Personal

Question 1

OAS Clawback

- Calculation

Answer 1

Net income before clawback - $79,054 x 15%

Question 2

Moving expenses
1. Deductible under what scenarios

2. deductibility criteria

Answer 2

1. Scenarios
   a. moving for a new business or employment in Canada, or
   b. Moving to attend a qualifying post-secondary institution
2. Conditions
   a. Must be 40k closer to place of work or school
   b. Amounts paid can not have been reimbursed

Question 3

Child Care Expenses

- deductibility criteria

Answer 3

• deductible if paid to
  1. be employed
  2. carry on a business
  3. carry on research for which a grant was received
  4. attend a designated educational institution or secondary school