Canadians working from home due to the pandemic will be able to claim expenses up to $400 without having to track or submit any expenses. The government’s goal is to simplify the tax filing process. Taxpayers may still opt to claim under the existing rules related to home office expenses, which require the employer to sign Form T2200: Declaration of Conditions of Employment to prove the employee is working from home. Feds to allow up to $400 for home office expenses | Investment Executive
CRA publishes prescribed interest rates each quarter. If you are in arrears to the government, for example, late in paying your income tax instalment, you will be charged interest.