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Was required to work from home by their employer. The employee was required to pay for expenses related to the workspace in their home. One of the following applies: The employee’s home workspace is where they worked more than 50% of the time for a period of at least four consecutive weeks. This can be either a common area of the home or a designated room; or The employee only uses their workspace to earn employment income and the employee also uses it regularly and continually for meeting clients, customers, or other people in the course of their work. Note: the CRA has previously taken t...

L'Agence du revenu du Canada a récemment annoncé deux nouvelles options simplifiées pour l'année d'imposition 2020, qui permettent aux employés de demander la déduction des frais liés au travail à domicile pendant la pandémie de COVID-19.

To print this article, all you need is to be registered or login on Mondaq.com. As a result of the COVID-19 pandemic, many individuals have been forced to work from home. This has left employees questioning if they are able to claim tax deductions for expenses they incurred in the course of working from home. Likewise, employers have been struggling to determine how they can comply with administrative reporting requirements to help permit employees to properly deduct home office expenses. Background Income Tax Act (Canada) (the " Tax Act") significantly limits the abi...

Home office tax deduction could fall short of your real expenses VIDEO SIGN OUT Sign up for BNN Bloomberg's weekly newsletter, Home Economics, here 2020 was a crazy year for the hordes of Canadians forced to work from home offices and kitchen tables due to the pandemic. According to Statistics Canada, 40 per cent of the workforce was forced to set up shop remotely.  That means 2021 is going to be a crazy tax year for workers who have had to incur expenses otherwise left to their employers. In an effort to head off an onslaught of home office claims the Canada Revenue Agency (CRA) ha...

What you need to know about the new work-from-home tax break VIDEO SIGN OUT Sign up for BNN Bloomberg's weekly newsletter, Home Economics, here 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 Simpli...