New personal tax deduction wrongly favours the well-off
I have to admit to thinking that a columnist for the Toronto Star was misinformed when I read that there would be a new personal tax deduction of $400 for employees working from home. As Rosa Saba noted in the Toronto Star: “Now all employees who worked from home more than half the time over at least four consecutive weeks during 2020 due to the pandemic will be eligible. As well, the government clarified that eligible employees can claim $2 for each day they worked from home, up to a maximum of $400. Employees claiming expenses this way will not need to track their expenditures, provide receipts, or submit a form signed by their employer.[1]” I thought to myself: that’s funny; most government of Canada tax credits announced over the…