PLEASE NOTE: All BACD events/workshops will be held virtually until until further notice.
A Zoom link will be included in the event information, so you can join at the scheduled time.
Home Office Expenses – CRA Webinar
ThursdayMay 209:30AM - 11:00AM Free
As a result of the COVID-19 pandemic, millions of Canadians unexpectedly had to work from home in 2020. In response, the CRA has made the home office expenses deduction available to more Canadians.
As an employee, you may be able to claim certain home office expenses (work-space-in-the-home expenses, office supplies, and certain phone expenses). These deductions can be claimed on your personal income tax return for the 2020 tax year. Deductions reduce the amount of income you pay tax on, so they reduce your overall income tax liability.
In this webinar, presented by Canada Revenue Agency (CRA), you will learn about Home Office Expenses, the 2 methods that you can use to make a claim, the eligibility criteria of each method, and how to calculate your claim.
The session also includes a question and answer session on Home Office Expenses.