Canadian TAX Guide - Work From Home? TAX Write-Off - Home Office Expenses (2024 Canada)

How do I Claim HOME OFFICE Expenses? What Can I WRITE-OFF if I WORK FROM HOME? How do I File My Tax Return in Canada? What Happened to the Flat-Rate Work From Home Credit? What is the T2200 Form? How Can I Reduce My Tax Bill? There are some big changes to Filing your TAX RETURN in Canada! We’re getting some new tax credits and losing others but the biggest change is the HOME OFFICE EXPENSES. Whether you work from home or work hybrid between home and the office, you can no longer claim the flat-rate work from home credit. You now must use the detailed method, including form T2200. It’s a bit more work but it can save you hundreds in taxes. Don’t leave that money on the table! 🇨🇦 CANADIAN TAX GUIDE - Playlist 🇨🇦 https://youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj How to FILE TAXES 🇨🇦 - TurboTax Walkthrough https://youtu.be/4RxkNa2VjtU 2024 TAX Changes 🇨🇦 https://youtu.be/bC-8kZXceZU 2024 CPP Changes 🇨🇦 https://youtu.be/rICT8RpVKS8 Will Your Paycheque go Up or Down? 💵 https://youtu.be/UxejBPWdR9k TURBOTAX REFERRAL: 🇨🇦 Use my referral link to Get 15% OFF ANY TurboTax Product! 👇 https://www.tkqlhce.com/click-9191966-15709394 Remember the Tax Filing Deadline is April 30! QUESTRADE REFERRAL 🇨🇦 If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days! That’s 10 free trades without any commission, $50 in savings! 👇 https://questrade.sjv.io/CANADIANTSHIRT Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0 BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://getblossom.onelink.me/SOfu/adrian WEALTHSIMPLE TRADE REFERRAL 💰 Join Wealthsimple and get a bonus of $5 to $3,000 when you sign up with my link 👇 https://wealthsimple.com/invite/P0A-UQ LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇 https://youtube.com/c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 WATCH NEXT  ▶️ -How to Buy Stocks in Canada - https://youtu.be/_V2yBWwOZX4 -How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8 -TFSA Mistakes - https://youtu.be/s4cBibLATOU -Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q -How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU -RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE -How to Build Wealth - https://youtu.be/L10wfYl3_Qs -RRSP Mistakes - https://youtu.be/I8k95_R_L_Q -Pay Stub Explained in Canada - https://youtu.be/uFg3tDxmqiE Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt SKIP AHEAD ⏩ -Intro: 0:00 -File Your Tax Return: 0:13 -New Changes: 1:09 -Work From Home: Flat-Rate: 1:32 -Eligibility: 2:19 -Form T2200: 3:09 -Percentage of Home Use: 3:33 -Home Expenses: 4:04 -NOT Included: 4:51 FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Intelligent Investor - https://amzn.to/3qoI5nV -Making Money in Canadian Real Estate - https://amzn.to/2SKijw6 CAMERA GEAR  📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links.   I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #TaxReturnCanada #CanadianTax #CRA #TurboTax #Wealthsimpletax #CanadianFinance #HomeOffice #Workfromhome