Detailed method –This method required the employee to obtain a completed and signed Form T2200 (or Form T2200S, the abbreviated version that was available for the 2020, 2021 and 2022 taxation years) from their employer. This process was similar to the historical method for deducting home offi...
Accurately reporting your business income and deductions isn’t just about complying with the CRA—it’s about setting your business up for success. The CRA considers a business to include all activities you engage in for profit, so ensuring that every detail, from sales invoices to fee statemen...