November 20, 2020 – CRA Allows for Tax-Free Home Office Reimbursement

by | Nov 20, 2020 | Industry Updates

The pandemic has forced many employees to work from home. CRA will allow employers to provide an allowance to employees of up to $500 for the purchase of personal home office equipment (including computer equipment, office furniture, and other home office items) without having to include the amount in the employee’s income. For example, if an employee purchases a monitor for $500 and an office chair for $250, the employer can reimburse the employee for the full amount of $750 but $250 will be included as income. Which home-office expenses can be reimbursed tax-free? | Investment Executive

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