The federal government has just increased the work-from-home tax credit for 2021 tax year to help support Canadians working from home during COVID-19 pandemic. CRA will now allow up to $500 work-from-home tax credit with their new flat rate method.
Flat Rate Method: Who is eligible? What is the flat rate method?
- Eligible employee that is working from home for the year 2021 due to the COVID-19 pandemic
- Flat rate method allows you to claim up to $2 dollars per each day you work from home during 2021 due to the COVID-19 pandemic
- You can claim up to $500 in 2021
If you wish to learn more you may click the link here.
We are an CPA – Charted Professional Accountant firm that can help file your taxes, HST Returns and provide CRA Tax Audits.
For more information, you may contact one of our tax experts at SJ Chartered Accountants serving Mississauga, Etobicoke, Toronto & surrounding GTA area.
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