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Working from home: what are the tax implications? [Video]

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Canadian National News

Did you work from home in 2023, or have you been working from home this year?

While many companies in Canada have begun reverting back to in-office work policies, a fair number of people still work from home as employees, freelancers, or small business owners.

Working from home certainly has some perks and benefits, like the ability to work in your pajamas or do your housework while you’re taking business calls. However, it can change the way you file your tax returns. Here’s a quick guide on what to be prepared for.

Different types of work-from-home scenarios and taxes

As of Nov. 2023, roughly 20 per cent of Canadians were still working from home, down from 30 per cent in Jan. 2022 and 40 per cent in April 2020, during the height of the pandemic.

The work-from-home business model was great for some …

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