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Strategic Alliances in a Shifting Global Landscape

In a world marked by geopolitical tensions and shifting alliances, Russian President Vladimir Putin and Chinese President Xi Jinping have positioned themselves as defenders of a new world order. Their recent meeting in Moscow, coinciding with the 80th anniversary of the end of World War II, underscored their commitment to countering Western influence and promoting a multipolar global system. During the talks, Putin and Xi emphasized their shared vision of international stability, rejecting what they described as "unilateralism and bullying"—a veiled reference to the United States. Xi reaffirmed China's support for Russia, highlighting their strategic partnership and mutual interests in shaping global governance. The leaders also pledged to safeguard the authority of the United Nations and advocate for the rights of developing nations. This alliance comes at a critical time, as both nations face economic and political challenges. Russia continues to navigate Western sancti...
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Taxes 2024: Navigating Home Office Expenses


If you spent most of last year working from home, you could be eligible for a tax deduction. However, the process for filing home office expenses in 2023 is more intricate compared to previous years. Let’s break it down:

  • To claim home office expenses, you must be required to work from home by your employer.
  • The requirement doesn’t have to be explicitly stated in your employment contract; it can be a written or verbal agreement.
  • Even if you voluntarily agreed to work from home, you’re still considered required to do so by the Canada Revenue Agency (CRA).

You can qualify to deduct home office expenses if:

  • You use your home office for more than 50% of a time period, continuously for at least four consecutive weeks.
  • You use your workspace for employment income, regularly and continually for in-person meetings with clients, customers, or other people while working.

The Process

  • The temporary flat-rate method introduced during the pandemic is no longer in place.
  • You’ll need to spend more time collecting information and receipts to claim expenses.
  • Form T777 is used to claim home office expenses.
  • Remember, the process is “more onerous” this year due to changes from the CRA.

While it might require extra effort, properly claiming home office expenses ensures you receive the tax benefits you’re entitled to. So gather those receipts, calculate your expenses, and make the most of your work-from-home situation.

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