CRA killed the $2/day rule — now what? 1. The flat rate method expired after 2022 — for your 2026 return, you must use the detailed method with a signed T2200 from your employer, or your claim gets rejected entirely. → $2/day 2. The detailed method is actually worth it — a verified example shows a $3,276 deduction saving $672 in federal tax alone, which is far more than the flat rate ever gave you. → $672 3. To qualify, your workspace must be where you principally perform your duties — meaning more than 50% of your work time — and your employer must confirm this on the T2200 form. → 50% 4. Keep every receipt and your workspace measurements, because CRA can request your documentation up to six years later — especially if you’re a hybrid worker with split days. → 6 years Full guide 🌐 getwealthy.blog #CanadaFinance #PersonalFinance #CanadianMoney #MoneyTips #Canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.