Accounting

Deductibility of expenses associated with the home office for employees who were forced to work remotely (telework) in 2020 because of government measures associated with the covid-19 pandemic. 1. Expenses associated with the home office VS other expenses: It is…

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.…

In order to simplify the process for both taxpayers and businesses, the Canada Revenue Agency (“CRA”) will allow employees who will have worked from home in 2020 due to COVID-19 and who incur modest expenses to submit deductions of up…