Radon Testing Now Tax Deductible in Canada
March 8, 2022
Good news for Canadians: Radon testing is now tax deductible for the self-employed, or those working from home.
It is tax season, have you tested your home for radon?
This is an important question you should be asking, if you are a salaried or commissioned employee and have been:
· Working from home due to work-from-home orders and increased restrictions due to the COVID-19 pandemic
· Have moved to a hybrid online / in-person work week (with at least 50% of the time spent at home)
· Consider your home, your office
OR are:
· Self employed, and have your home as your office
If you have tested, you may be eligible for a tax deduction!
The Canadian Revenue Agency has confirmed that an employee (salaried and commission) may deduct a portion of the cost for radon testing as a work-space-in-the-home expense. Radon testing includes: a radon test kit (such as an Evict Radon kit) or the services of a radon measurement professional. This possible deduction comes from costs that are incurred for the maintenance of the home and this same inclusion is extended to a self-employed individual. Please note that for the individual to be eligible the “home office” must meet the following requirements:
· the place where the individual principally (more than 50% of the time) performs the office or employment duties for a period of at least four consecutive weeks; or
· used exclusively during the period to which the expenses relate to earn income from the office or employment and, on a regular and continuous basis, to meet clients or other persons in the ordinary course of performing the office or employment duties.
If you haven’t tested, now is the best time to consider testing.
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