expenses

February 12, 2022

Published by Michael Blank at February 12, 2022

Back Up Your Tax Expenses!

If you make claims in your taxes, you’d better back them up. Most claims in taxes require invoices and receipts as backup. Jamie Golombek of the Financial Post had to spend over an hour getting backup (receipts / invoices / evidence) of his home office claims after a CRA audit. Read his Feb 10 article.

January 26, 2022

Published by Michael Blank at January 26, 2022

Home Office Expenses Credit

You can claim a Home Office Expense Credit for 2021. Details here. Talk to your tax accountant as needed! https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/work-space-home-expenses/how-claim.html