Home Office Deductions
The Canada Revenue Agency and Revenu Québec have announced two new options that allow employees to claim the deduction for home work expenses for the 2020 tax year. The first allows the deduction to be calculated faster, the second allows to be entitled to a higher deduction.
Depending on individual circumstances, with either method, the deduction may be larger. To choose the most optimal method, it is advisable to make a comparison of the two methods and to retain the one which offers the maximum of deduction.
