What percentage of your home office is tax deductible?
The 2020 tax year is going to be a very interesting one. Find out what you can claim on your taxes and how to simplify the filing process for work-from-home expenses.
In 2020, the COVID-19 pandemic incited a mass exodus from the office and turned 40% of working Canadians into remote employees. If you were one of them, you probably converted your spare room into an office. Or, if you don’t have a spare room, your dining room table, kitchen table, couch or bedroom has now become the office.
About the author
Renee Sylvestre-Williams is a finance and business reporter. In her more than 10 years of journalism, her work has been published in the Globe and Mail, Flare, Canadian Living, Canadian Business, the Toronto Star and Forbes. She also publishes a biweekly newsletter, The Budgette, where she provides financial education for single earners.