With more and more Canadians working from home due to the COVID-19 pandemic, the Canada Revenue Agency (CRA) has simplified the way employees can claim the home office expenses deduction on their personal tax return for the 2020 tax year by way of a new temporary flat rate method. Employees with larger claims for their home office can still utilize the detailed method to calculate their home office expenses deduction.
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2020 Year-end Tax Planning Guide for Investors
The following year-end tax planning guide is geared towards investors and outlines various programs and tax tips that should be considered in order to save tax.
2020 Year-end Tax Planning Guide for Individuals
The following year-end tax planning guide is geared towards individuals and outlines various programs and tax tips that should be considered in order to save tax.
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