Stay up to date with the latest for your Canadian tax return for 2021
Here are the some of the changes specific to COVID that you should be aware of:
COVID-19 benefit repayment - If you repaid all or part of COVID-19 benefits received in 2020 or 2021, you're able to choose the year to deduct the repayment amount. You should receive a slip reporting repaid amounts for EI (T4E) as well as CERB, CRB, CRCB, and CRSB benefits (T4A).
*You must select the year to claim the repayment
Work-from-home expenses - If you had to work from home due to COVID-19 closures in 2021, you're able to make claims in the Employment Expenses section on forms T777 or T777S, under the same rules introduced in 2020.
Provincial COVID-19 assistance - One-time provincial payments to help you through COVID-19 are not taxable and should not be reported as income on your 2021 tax return.
There have been some general tax changes as well to consider:
Disability Tax Credit - The eligibility requirements for...