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ldres1985
Level 3
posted
‎February 28, 2022 01:17 PM
last updated ‎February 28, 2022 1:17 PM

The rate/km for moving expenses is 57.5 for Ontario according to CRA, Form T1-M in profile is using .55

I my missing something or does Profile need to fix? 

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Best answer February 28, 2022
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janisbossenberry
Level 7
‎February 28, 2022 01:52 PM

The rate/km for moving expenses is 57.5 for Ontario according to CRA, Form T1-M in profile is using .55

The only thing I can think of is if your client is moving from another province to Ontario.  You do have to use the rate for the province where the move starts from.

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3 Comments 3
janisbossenberry
Level 7
‎February 28, 2022 01:52 PM

The rate/km for moving expenses is 57.5 for Ontario according to CRA, Form T1-M in profile is using .55

The only thing I can think of is if your client is moving from another province to Ontario.  You do have to use the rate for the province where the move starts from.

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CanadaTaxGuy
Level 3
‎March 02, 2022 11:43 AM

The rate/km for moving expenses is 57.5 for Ontario according to CRA, Form T1-M in profile is using .55

This is not solved. I just tried it moving within Ontario and it is using 2020 rates.  I also tried using a move from other provinces and it is using the wrong rates (presumably 2020) for the other provinces as well.

Need this fixed in Profile.

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heyjude77
Level 1
‎March 17, 2022 07:13 PM

The rate/km for moving expenses is 57.5 for Ontario according to CRA, Form T1-M in profile is using .55

I agree. I have a client moving from BC to BC and Profile's T1-M is using 2020 rate. Please fix it soon, as that's a well-used feature.
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