David Dai
200 Yorkland Blvd Unit 300 M2J 5C1 Toronto, ON, Canada

While the COVID-19 pandemic provokes renewed wealth and income anxiety among Canadians, a significant number are considering steps to improve their situation with sound planning. ow.ly/cwyW102vjGI

With the physical distancing measures in place due to the spread of the COVID-19 virus, many Canadians are now working from home. If working from home is new for you, you may be wondering whether there are any tax deductions you can claim. ow.ly/1Ltz102tFqN

The Fall Economic Statement proposes to extend the Canada Emergency Rent Subsidy #CERS rate structure until March 13, 2021 for qualifying organizations.

#WFH tax break. The gov’t proposes loosening restrictions on home office deductions. The CRA would allow employees working from home in 2020 to claim up to $400 in employment related expenses without the need to track detailed receipts. More details to be provided by the CRA in the coming weeks.