How to prepare for audits over home office expenses

During the COVID-19 pandemic, the Canada Revenue Agency (CRA) introduced a flat-rate method for claiming home office expenses, but post-pandemic, filing requirements became more tedious, requiring T2200 and Form T777.

Even though it's uncertain if the CRA will audit new home office expense reporters, claiming these expenses may attract a closer tax scrutiny in a post-assessment, demanding supporting documents and possible penalties.

Read at The Globe and Mail