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Working From Home - Tax

Posted by Timothy Ross on January 15, 2024 at 8:26am
Working From Home - Tax

https://www.advisor.ca/tax/tax-news/more-employees-will-be-asking-companies-for-home-office-expense-tax-forms-this-year/

" Employers will be extra busy this tax-filing season providing eligible employees with completed tax forms they’ll need to deduct home office expenses on their 2023 returns.  

The temporary “flat rate” method, which allowed Canadians working from home due to Covid to claim up to $400 in employment expenses in 2020 and up to $500 in 2021 and 2022, is not available for 2023. That method did not require the employee to get a form from their employer. 

Employees who worked from home in 2023 and who are eligible to claim home office expenses will have only one option — the “detailed” method, which will require a completed Form T2200: Declaration of Conditions of Employment from their employer. 

 

 

Form T2200: Declaration of Conditions of Employment

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/work-space-home-expenses/frequently-asked-questions.html

 

https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/t2200s/t2200s-fill-22e.pdf

Year 2023 form to be available near end of January 2024

Tags: tax, home, working, t2200, nailed it
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