Benefits await gig workers who come clean with CRA bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Was required to work from home by their employer.
The employee was required to pay for expenses related to the workspace in their home.
One of the following applies:
The employee’s home workspace is where they worked more than 50% of the time for a period of at least four consecutive weeks. This can be either a common area of the home or a designated room; or
The employee only uses their workspace to earn employment income
and the employee also uses it regularly and continually for meeting clients, customers, or other people in the course of their work. Note: the CRA has previously taken the position that a “meeting” means an in-person meeting (therefore a telephone call would not suffice). To date, the CRA has not announced any changes to this interpretation in light of COVID-19, particularly whether videoconference calls would be considered “meetings”, but it is anticipated some clarification will be provided prior to the filing deadline for 2020 income tax returns.
CRA sends gentle reminder on COVID benefit tax – for now bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
L'Agence du revenu du Canada a récemment annoncé deux nouvelles options simplifiées pour l'année d'imposition 2020, qui permettent aux employés de demander la déduction des frais liés au travail à domicile pendant la pandémie de COVID-19.
To print this article, all you need is to be registered or login on Mondaq.com.
As a result of the COVID-19 pandemic, many individuals have been
forced to work from home. This has left employees questioning if
they are able to claim tax deductions for expenses they incurred in
the course of working from home. Likewise, employers have been
struggling to determine how they can comply with administrative
reporting requirements to help permit employees to properly deduct
home office expenses.
Background
Income Tax Act (Canada) (the
Tax Act ) significantly limits the
ability of employees to deduct work-related expenses when computing