AccountingMiscellaneous

Home office expense calculator

Employees who have worked from home more than 50% of the time in a period of at least four consecutive weeks in 2020 due to COVID-19 will be eligible for the home office expense deduction for the 2020 tax year.

A new temporary fixed rate method will allow eligible employees to claim a deduction of $ 2 for each day they worked from home during that period, as well as $ 2 for each additional day they worked from home in 2020 in 2020. due to COVID-19, up to $ 400. Also, using this method, they will not have to get a T2200 or T2200S form completed and signed by their employer.

In order to simplify the process for employees choosing the detailed method, the Agency today launched simplified forms (T2200S and T777S) as well as a calculator specially designed to facilitate the calculation of home office expenses.
https://www.canada.ca/…/tax-return…/calculate-expenses.html

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