Canada Revenue Agency: Reduce Your Taxable Income by Working From Home

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The pandemic changed the way people live and work. A year ago, the lockdown put the entire world online. The virtual space became the new workplace. Many people converted a desk, a room, or a corner of their apartment into a workspace. The Canada Revenue Agency (CRA) adopted this changing trend and simplified the process of its work-from-home tax deduction. Here I will talk about how you can apply this deduction to effectively reduce your 2020 tax bill.

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Puja Tayal 

Original Article Posted on:  March 29, 2021

Link to Original Article:  https://www.fool.ca/2021/03/29/canada-revenue-agency-reduce-your-taxable-income-by-working-from-home/

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