We have been approached by some clients who ask if it is better for them to take advantage of the new 2020 working from home deduction or claim the deduction through the detailed method. This new deduction is calculated as a flat rate of $2 per day (at a maximum of $400). You cannot count days off, vacation days, sick leave days or any other day that you were absent from work. Also, if you use this flat rate, you cannot deduct any other employment expenses.
Do you have receipts scattered on your car floor? Are you like 99% of the population and hate filing? Do you struggle at tax time to gather up all your information because you had 99 other things to do that were more pressing than filing your gas receipt in your colour-coded accordion file? If yes, you are not alone.