Source: www.ctvnews.ca

OTTAWA — A months-long COVID-19 lockdown means the majority of Canada’s workforce that has transitioned from an office space to a makeshift remote set-up could be eligible for a work-from-home tax deduction.

A tax expert with CIBC told CTVNews.ca that “hundreds of thousands, if not millions” of Canadians will be able to apply for the “work-space-in-the-home” deduction, similar to the one that applies to the self-employed.

Eligible applicants must meet one of two conditions: demonstrate that their home was their principal place of work or where they worked for 50 per cent of the time during the tax year, or that they used their home office solely for income purposes and regularly hosted clients or customers there.

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