Tax Implications of Working from Home

I’ve had several clients reach out because staff have asked for T2200 forms to cover expenses while working remotely. I am not going to wade into this and suggest you speak to your accountant.  That said, I thought this was interesting and glad to see they are looking into it more..

As business environments shift in response to COVID-19, companies are managing employees remotely. Working from home (WFH) has become the “new normal” for a lot of organizations, as we all do our part to keep our communities healthy.

Crowe MacKay’s tax team suspects the next question that is on everyone’s mind is – what are the tax implications of working from home? How does having your employees work from home impact you as an employer as well as them from a tax standpoint? Here’s how you can begin to navigate this as it relates to your 2020 taxes.