![]() In the 2018 federal budget, the government announced new reporting requirements that will apply to certain trusts. We will provide updates as more information becomes available. Web content and forms are currently being updated to reflect this change.”Īs many employers offered flexible working arrangements during 2021 as pandemic restrictions were lifted, we have asked the CRA to provide guidance on how these arrangements will be dealt with as they update their resources. “For the 20 tax years, employees working from home due to the COVID-19 pandemic may be able to claim up to a maximum of $500 using the temporary flat rate method, to calculate their home office expenses as announced in the Fall Economic Statement by the Government of Canada. The CRA has updated their main home office expense deduction page with the following message: Note that the Bill was amended by the House of Commons Standing Committee on Finance with a change that may restrict subsidy claims made by a publicly traded company or a subsidiary of such a company that paid dividends to an individual who held common shares.ĭecemUpdate on home office expense deductions and form T2200 SIGN ME UPįurther to our November 25 update, Bill C-2 received Royal Assent on December 17. Haven’t signed up yet? Subscribe now to join our growing audience of over 25,000 tax practitioners who receive updates on the latest tax blogs as well as resources and professional development opportunities. ![]()
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