OTTAWA: Gerald Soroka, Member of Parliament for Yellowhead, would like to inform constituents that the Canada Revenue Agency (CRA) has announced a new temporary flat rate method to simplify claims for home office expenses.
Those that worked more than 50% of the time from home for a period of at least four consecutive weeks in 2020 due to COVID-19 can claim $2 for each day worked from home during that period. The maximum amount any individual can claim for the temporary flat rate method is $400.
This method can only be used for the 2020 tax year.
Those that have larger claims can still choose to use the detailed method to calculate employment expenses. To do so, get a completed and signed Form T2200S or Form T2200 from your employer and keep documents to support your claim.
For more information visit: Canada.ca/cra-home-workspace-expenses