Work-from-home expense claims for 2021
Canada Revenue Agency has updated its guidelines related to work-from-home expenses for the 2021 tax year. You can choose one of two options to claim a deduction:
- Temporary Flat-Rate Method:
You can deduct a fixed dollar amount of $2 for each day you worked from home due to the COVID-19 pandemic; the updated maximum amount for 2021 is $500 (for the 2020 tax year, the maximum amount was $400).
*Note: You don’t need to keep receipts to support the amount claimed or complete a T2200S form. - Detailed Method:
You can claim a deduction for eligible out-of-pocket home-office expenses (not reimbursed) during the period you worked from home. You must have receipts to support the claim.
*Note: You must submit a to T2200SForm@ontariotechu.ca by Friday, February 11 for signature by Brad MacIsaac, Vice-President, Administration or Jamie Bruno, Chief Transformation and Organization Culture Officer.
Additional resources:
*Note: You are responsible for choosing your claim option and completing all necessary claim forms. The university cannot provide any guidance on completing the CRA tax forms and related calculations.
