Dollars and SenseNationalNews
Due to COVID-19 Canadians May Be Eligible for Work-Space-In-Home Tax Deduction
Source: Sarah Turnbull, ctvnews.ca, July 25, 2020
The 50-per-cent threshold is only required for “office space expenses” such as rent, utilities, and maintenance.
OTTAWA — A months-long COVID-19 lockdown means the majority of Canada’s workforce that has transitioned from an office space to a makeshift remote set-up could be eligible for a work-from-home tax deduction.
A tax expert with CIBC told CTVNews.ca that “hundreds of thousands, if not millions” of Canadians will be able to apply for the “work-space-in-the-home” deduction, similar to the one that applies to the self-employed.
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