CRA allowing employees claims up to $400
Work from home tax deduction during COVID December 16, 2020 by The Canadian Press, Ottawa
The Canada Revenue Agency says it is introducing a simplified process to claim up to $400 in office expenses for Canadians working from home during the COVID-19 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 COVID-19. The temporary flat-rate method will allow eligible employees to claim a deduction of $2 for each day they worked at home due to COVID-19, up to a maximum of $400.
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A record number of Canadians were forced to work remotely because of the pandemic, and the Canada Revenue Agency has unveiled a new tax deduction to allow more people to claim expenses related to their home office.
If you were among the 40 per cent of workers who, according to Statistics Canada, found themselves working remotely as pandemic lockdowns were enforced, then you have two options to claim your tax deduction.
The first is the Simplified Temporary Flat Rate Method, which is new for 2020 and is the most simple and straightforward. Thereâs no need to provide receipts or get anything signed by your employer.
CRA allowing employees to claim up to $400 work from home tax deduction during COVID
by The Canadian Press
Last Updated Dec 15, 2020 at 5:12 pm EDT
OTTAWA The Canada Revenue Agency says it is introducing a simplified process to claim up to $400 in office expenses for Canadians working from home during the COVID-19 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 COVID-19.