ST Alpha - "CRA announces new working from home credit for 2020 taxes (so happy, this will be sooooo much easier) -- (link)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 158

CRA announces new working from home credit for 2020 taxes (so happy, this will be sooooo much easier) -- (link)

Posted by Beaker (aka Anniebecca) Dec 15 '20, 15:19

(No message)

Eligible employees who opt for the simplified deduction will be able to claim $2 for each day they worked from home during that period, plus any other days they worked from home because of the pandemic, up to a maximum of $400. (www.cbc.ca)

Responses:

(It's nice that it's simplified but it amounts to about $100 at the high end) -- nm - Reagen Dec 15, 15:39 5
- even the original way was a credit and not a straight reduction to income though wasn't it? -- nm - Beaker Dec 15, 15:43 4
  - I believe so. It's better than a kick in the teeth but it's not "hookers in paradise" money either. -- nm - Reagen Dec 15, 15:46 3
    - Dear Justin Trudeau ... -- nm - Beryllium Dec 15, 15:47 1
      - oh, you don't want to read the comment section -- nm - Beaker Dec 15, 15:49
    - I just checked on an old one, seems like it was a deduction similar to union or RRSPs -- nm - Beaker Dec 15, 15:47
Yeah, they did that here, and eliminated the “dedicated workspace” provision. Was an hourly rate with no limit tho. -- nm - mafic Dec 15, 15:25
But what if I was already working from home & not filing for deductions because I don't have enough space for a dedicated office? -- nm - Beryllium Dec 15, 15:22

Post a message top

Replies are disabled on threads older than 7 days.