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Easier to claim home office expenses.

The federal government has introduced a simplified process for claiming the home office expenses if you were working from home as a result of COVID-19.

Many of our business community were forced to set up their work space in kitchens, bedrooms and living rooms.  In response, the CRA has made the home office expenses deduction available to more people, and simplified the way you can claim the expenses on your personal income tax for the 2020 tax year.

A new temporary flat rate method will allow eligible employees to claim a deduction of $2 for each day they worked at home in that period, plus any other days they worked from home in 2020 due to COVID-19 up to a maximum of $400. Under this new method, employees will not have to get Form T2200 or Form T2200S completed and signed by their employer.

To simplify the process for employees choosing the detailed method, the CRA launched today simplified forms (Form T2200S and Form T777S) and a calculator designed specifically to assist with the calculation of eligible home office expenses.

For more information on working from home expenses go to Canada.ca/cra-home-workspace-expenses.

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