Pembroke, ON, Canada / 104.9 Pembroke Today
Dec 21, 2020 5:22 PM
What at first blush may seem a generous new tax deduction from the Federal government may well come with a hidden agenda.
A no-questions-asked $400 Home Office Expense Deduction that require only that taxpayers self-identify, will allow the government will collect the data it needs without disclosing what it intends to do with this information.
Renfrew-Nipissing-Pembroke Member of Parliament Cheryl Gallant has some questions she thinks ought to be posed, if not answered:
How will establishing a home office affect the value of your property?
Will the government require capital gains to be paid on that portion of the home being deducted as work space?