Working from Home: The Tax Edition – TAPA Lunch & Learn Finance Series
January 27 @ 12:00 pm - 1:00 pm$25.00
For many years, the CRA has allowed employers to give employees a T2200 Declaration of Conditions of Employment to document situations where employees are expected to cover costs of employment personally. The T2200 declaration permits employees to claim an income tax break – effectively, to write off their work-from-home expenses similar to how self-employed people can do.
If you’ve been reading the news carefully, you’ve probably seen coverage on how the lockdown and enforced working from home might change Canada’s income tax rules and broaden the use of the T2200. This session will review and guide you through the T2200 legislation. If your staff are working from home, you may be able to help save them a few dollars on their taxes. But – what are the limitations? How much money can staff expect?
In this session we’ll consider the changes that COVID has brought, how to evaluate the benefit your staff might receive from the T2200, and the mechanics of completing the form and staying compliant. We will look at tax treatment of a few common situations, such as taking a work computer home; employer-paid upgrades to employees’ furniture or internet service; reimbursements for phone and internet service and general supplies.
Bonus topic: in November, CRA announced its CEWS audit program for filing periods 1 – 6. We will share what we have learned so far about what to expect from a CEWS audit.
- Julia Gaunt-Rannala - Interim Payroll Manager and Senior Associate, Young Associates
- Heather Young - Principal, Young Associates
Date: Tuesday January 26, 2021
Time: 12 noon – 1:00pm
Location: Zoom - the session WILL be recorded
Fee: $25+HST for TAPA Members, $35+HST for Non TAPA Member
Recording Fee (for those not in the workshop): $20+HST for TAPA Members, $30+HST for Non-TAPA Members
*Recording will be available for two weeks from the recording date.*
Offered in partnership with Young Associates: