If you're wondering how working from home will impact your tax deductions, you're not alone. The Canadian Revenue Agency (CRA), in consultation with the Canadian Chamber, is looking at expenses incurred by staff who worked — or are still working from home — and how to create a way to efficiently apply for deductions on personal returns.
Paul van Koll, who serves on our Chamber Board of Directors and is a Partner at Dusanj and Wirk Chartered Professional Accountants was part of one of several recent Chamber roundtables with the CRA.
Still in the feedback stages, areas coming under discussion include the best way to document that staff was required to work from home, whether a T2200 Declaration of Conditions of Employment is required from an employer and if there is a minimum duration for time spent working from home as well as the split between hours spent working at home versus in the office.
If you have any feedback you'd like us to pass along to the CRA, please email email@example.com. Right now, the only thing we can say with absolute certainty is keep your receipts.