So many people have been working from home this year. For that reason, the CRA has implemented a flat rate work from home tax deduction. This is a simplified process for writing off home office expenses.
Anyone who worked from home for more than 50% of the time for at least 4 consecutive weeks this year due to COVID-19 is eligible. Employees can claim $2 per day worked from home, up to a total of $400.
Rather than needed a form T2200 as usual, the CRA has created two new simplified forms. One form simplifies the regular home office write off process. The form T777s is a new form what employees fill out without requiring an employer signature.
For more info on the new flat rate work from home tax deduction, check out our video below! Be sure to subscribe to our channel to receive updates on any other supports or opportunities the Canadian government puts in place to help people through the pandemic. We also provide tax tips, hot topics in the business world, and more!