Home Office Expenses: 2020 & Annual

Members are advised to seek professional tax advice. The following links offer information on options and tax implications related to:

  1. Purchases applied to our employer’s 2020 one-time 500$ reimbursement:

https://cupfa.org/wp-content/uploads/2020/12/concordia-university-covid-19-employment-relief-measures.pdf

  1. CRA home office deductions & changes for 2020: (version française sur le lien)

A new flat rate deduction is being introduced for expenses up to $400, and a simplified detailed deduction for those wishing to claim more than $400. See links and calculator to assist in determining which method is best at:

https://www.canada.ca/en/revenue-agency/news/2020/12/introducing-a-simplified-process-for-claiming-the-home-office-expenses-for-canadians-working-from-home-due-to-the-covid-19-pandemic.html?utm_source=mediaroom&utm_medium=eml

  1. CUPFA’s annual Small Claims process:

https://cupfa.org/professional-development/small-claims/