| |
When you're estimating your moving costs, be sure to factor in all the potential expenses.
| |
Tip |
|
| |
Consider hiring someone to wrap your most valuable items. Professional packers have been trained to wrap things the right way and chances are the company has insurance if something they pack gets broken.
|
|
- Packing. If you do your packing, you'll need to purchase packing supplies. If you hire a professional packer (usually available through your mover), you'll need to factor in their charges. You can also ask the mover to pack only certain rooms (e.g. kitchen or dining room) if you feel more comfortable having experienced hands pack your breakables.
- Transportation. The costs of professional movers, truck rentals and using your own vehicles all vary based on time distance, the number of people needed, etc. If you're moving yourself, consider the cost of renting special equipment such as a dolly.
- Insurance. Things can break during a move. Check with your mover or insurance company to research your coverage options. Keep in mind that a mover's standard liability coverage may not be sufficient for your items with higher replacement values-nor may it cover some of your valuables. You may wish to pack jewellery and items with sentimental value yourself and carry them with you.
- Storage. If you can't immediately move into your new place after you move out, or if you're downsizing, you may need short-term storage space. Keep in mind that you are moving your items twice (first to the storage facility, then to your new home), so the actual cost of moving them doubles.
- Utilities. Utility companies typically charge for starting a new service. These costs can include not only the set-up fee, but also a security deposit or the payment of one month in advance. Check with each company to see what their policy is and if they have any "specials" to help defray some of those charges.
Paying for your move: |
 |
|
|
|
|
|
If you can pay off your moving costs over a short term, consider paying with your RBC Visa card. You'll collect RBC® Rewards Points. Plus, you can track costs with your monthly statement.
|
|
|
|
|
|
| Don't want to dip into your cash? Consider using the Royal Credit Line. Not only will you pay a lower interest rate, but you'll also have funds available for new furniture, small renovations, unforeseen expenses and more. |
|
|
|
 |
Are moving costs tax-deductible?
They may be in certain circumstances. The Canadian government will allow you to deduct certain expenses if you are relocating because of work and your previous residence was sold. For details, visit the Revenue Canada Web site.
|
|
