When the taxpayer moved to Winnipeg, he received two mortgage loans on his Toronto home to finance the acquisition of a Winnipeg home, and then paid off the loans two months later when he sold the Toronto home. Sharlow J.A. held (at p. 5297) that:
"The definition of 'moving expenses', read in its entirety, indicates that interest on money borrowed to purchase a home in the new work location is not within the definition, even if the loan is secured by a mortgage on a home in the former work location."