Are you an employee and did you work from home in 2022? If so you may be able to claim a tax credit relating to the home office use you incurred:
Employee Home Office Expenses
The Federal government has extended the temporary measure introduced in 2020 to allow the use of a temporary flat rate method to 2021 and 2022. The requirements to use this method are the same as in 2020:
Temporary Flat Rate Method
The limit for the temporary flat rate method was increased from $400 in 2020 to $500, and the calculation remains the same at $2/day. This method does not require you to track actual expenses, measure square footage or obtain any documentation from your employer.
- you worked from home in 2021, whether your employer required you to work from home or provided you with the choice
- you worked more than 50% of the time from home for a period of at least four consecutive weeks in 2021
- you are not claiming any other employment expenses (vehicle, supplies, other expenses etc.)
For more detailed information, see CRA’s page on home office deductions here: CRA – Home Office Tax Credit
This method requires you to claim a percentage of the costs of your home. The percentage is typically measured by the square footage of your office vs. the rest of the home and including the amount of time that space is used for work. This method also requires you to obtain form T2200 from your employer. For a detailed list of eligible costs visit CRA’s calculator below:
Not sure what you are eligible for? Contact us and we can review your situation together and pick which option works best for you.