Accounting Services, Vancouver
July 23, 2020

Working from Home?

Working from Home?

Working from home? You might be eligible for deductions on next year's tax return. Many CPA's are trying to determine what CRA will do with the "home workspace deduction" and whether more Canadians will be eligible, even if they don't meet the 50% working from home requirement. This is a great time for our clients to save any receipts from items they purchase for working from home- as well as ensure there is documentation from your employer on your terms of working from home. For more information on what you can claim- see the below link from CRA. 

Useful articles & links: 

CRA Article- Work Space in the Home Information 

CBC- News Article- July 23, 2020   https://www.cbc.ca/news/politics/covid-pandemic-tax-deduction-1.5658739

 

As always, let us know if you have any questions on how this will impact your return. 

Our office is located in North Vancouver, BC and we also offer remote services to clients throughout British Columbia. 

Crystal Cahill

Crystal Cahill is responsible for the social media and marketing at Cahill CPA. Crystal completed her Bachelor of Arts Degree at Simon Fraser University in English, and has an Education Degree and teaching certification. She enjoys keeping clients updated on new accounting practices, upcoming tax deadlines, and news & events within the Cahill CPA office & staff. She is married to Cahill CPA partner Jordan Cahill, and together they have two young children.

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