Millions of Canadians were forced to work from home during the 2020 tax year and opted to use their bedrooms, kitchens, and living rooms to work remotely for their employers. This creates an administrative burden on employees to claim their work from home office expenses on their personal tax returns.
Good news! Employees Can Claim $400 Home Office Expenses Due to the COVID-19 Pandemic.
The Canadian government is always here to assist employed taxpayers during the pandemic! Canada Revenue Agency (CRA) announced a simplified calculation of home office expenses deduction due to COVID-19 on November 30, 2020.
Simplified Employee Expense Deductions for COVID-19
CRA has introduced a simplified method to deduct employee expenses for those working from home because of the pandemic. The first method, named the Temporary Simplified Method, allows employees to deduct home office expenses of $2 per day up to a maximum of $400 for days worked at home... [read more]