The Canada Revenue Agency says it is introducing a simplified process to claim up to $400-dollars in office expenses for Canadians working from home during the COVID19 pandemic. The process will allow employees to claim these expenses as deductions on their personal income tax return for the 2020 tax year. Eligible employees can claim a deduction if they worked from home more than half of the time over at least four consecutive weeks in 2020 due to COVID19. Under this new method, employees will not have to get Form T2200 or Form T2200S completed and signed by their employer.
To read the update from the CRA: CLICK HERE (You will be redirected).
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