Account Login/Registration

Access KelownaNow using your Facebook account, or by entering your information below.


Facebook


OR


Register

Privacy Policy

Canadians who work from home will be able to claim up to $400 on their taxes

Simplifying the Home Office Expense Deduction in pandemic recovery plan, released yesterday.

If you’ve been working in a home office during the pandemic, you could claim up to $400 on your 2020 income tax return.

<who>Photo credit: 123RF
In the fall economic statement, published yesterday by the Canadian government, officials noted that millions of residents are unexpectedly working from home because of COVID-19.

“They are turning their bedrooms, basements and kitchens into offices, and taking on increased household expenses to do their jobs,” said the report.

“Canadians working from home can already deduct certain home office expenses for tax purposes, but first-time claimants may not be familiar with the rules and the claim process imposes an administrative burden on employers who are already dealing with the broader impacts of the pandemic and have to fill out additional information for their employees who qualify.”

So, in order to simplify the process and make sure people can make the claim, the CRA will allow employees with modest expenses to claim up to $400.

The amount is based on the amount of time working from home, without the need to track detailed expenses.
Additionally, the government said that the CRA will generally not request that people provide a signed form from their employers.

Further details are expected to be communicated by the CRA in the coming weeks.



Support local journalism by clicking here to make a one-time contribution or by subscribing for a small monthly fee. We appreciate your consideration and any contribution you can provide.


Visit our Facebook page to comment on this story.

Sign up for local eNews delivered to your inbox by 7 am every day.

Send your comments, news tips, letter to the editor, photos and videos to news@kelownanow.com.

To report a typo, send an email to news@kelownanow.com.





Sun
4℃


Mon
2℃


Tue
0℃


Wed
1℃


Thu
-2℃


Fri
-1℃

Top Stories

Follow Us

Follow us on Instagram Follow us on Twitter Like us on Facebook Follow us on Linkedin Follow us on Youtube Listen on Soundcloud Follow Our RSS
Privacy Policy

Quick Links