What's new 

on your taxes

If you worked from in 2020 home due to the COVID-19 pandemic - this is for you!

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Option 1: Flat Rate Method

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The Canada Revenue Agency is allowing $2 a day for each day you worked, up to a maximum of 200 days. Here's the criteria that you need to meet;

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1. You worked more than 50% of the time from home for a period of at least four consecutive weeks in 2020

2. Your employer did not reimburse you for any expenses and did not complete and sign Form T2200S.

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Option 2: Detailed Method

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This allows you to claim a portion of your home, along with eligible expenses that you haven’t or won’t be reimbursed by your employer. You must also submit your T2200S form signed by your employer

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 Eligible expenses include;

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1. Supplies (pens, pencils, paper)

2. Monthly internet fee

3. Cell phone 

4. Rent paid for your apartment or house

5. Home maintenance

6. Electricity/Heat/Water

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Option 3: Regular

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A completed form T2200 signed by your employer will allow you to claim incurred employment expenses. This can include food, parking, business travel expenses, and home and motor vehicle expenses.