CRA provides new rules for claiming home office expenses

Author: External Author | | Categories: Accounting Firm , Accounting Services , Financial Statement Preparation , Personal Tax Services , QuickBooks Accounting

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The Canada Revenue Agency (CRA) released details on its new home office expense rules Tuesday, introducing a temporary flat-rate method for employees with modest expenses to claim up to $400, and a shortened Form T2200 declaration for those claiming expenses through the traditional method.

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Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:   Rudy Mezzetta

Original Article Posted on:  December 15, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-provides-new-rules-for-claiming-home-office-expenses/



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