In 2024, Mr. Kumar moved from Saskatchewan to Prince Edward…
In 2024, Mr. Kumar moved from Saskatchewan to Prince Edward Island (PEI) to begin a new business. Business profits in 2024 exceeded $50,000. Mr. Kumar incurred the following moving expenses: Transport of household effects $5,000 Travel – self, spouse, and three children 2,000 Legal fees – house purchase in PEI 900 Cancellation costs – lease in Saskatchewan 750 Temporary accommodation while waiting for new house at $70 per day for 30 days 2,100 House-hunting trip (prior to move) 500 Which one of the following amounts represents the maximum amount that Mr. Kumar may claim for moving expenses for 2024?