CRA makes further updates to guidance on employee benefits due to COVID-19

As noted in our January 4, 2022 news item, the CRA published their administrative positions for employer-provided benefits and allowances pertaining to home office expenses, commuting and parking for 2021.

The CRA has further updated their guidance with two key changes:

  • The positions are now effective from March 15, 2020 to December 31, 2022 (the previous announcement indicated the positions were effective to December 31, 2021). Note that the $500 limit for certain equipment applies for the entire period.
  • The guidance on employer-provided parking has been updated as follows: “When a regular place of employment is closed due to COVID-19, including situations where employees have been sent home by the employer, or have been given the option to work from home on a full-time basis due to the pandemic, employer-provided parking at the regular place of employment will not be considered a taxable benefit by the CRA.”

Bill C-2 explanatory notes released

Finance has recently published the explanatory notes for Bill C-2.

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