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Hi Everyone! I have a couple of questions that I hope someone can help me with – one is specifically related to Wealthsimple Tax, and the other is a more general inquiry about the T5008/ACB.

### Question 1: Wealthsimple Tax & Working from Home

I am a regular salaried employee who adopted a hybrid work model in 2023, where I worked from home 60% of the time. I have obtained a signed T2200 form from my employer, outlining this arrangement. While using Wealthsimple Tax, I successfully inputted my work-from-home expenses. However, I am uncertain about the exact location within Wealthsimple Tax to specify that I only worked from home 60% of the time. The closest option I found related to this is the question “Is your workspace used for other purposes?”, but this does not accurately capture my situation since my home office is solely dedicated to work, with no other use. Additionally, on the days I work from the office, it remains empty and unused. Could someone please guide me on where to indicate this 60% work-from-home arrangement within Wealthsimple Tax?

### How AI Legalese Decoder can help:

AI Legalese Decoder can assist in this situation by providing clear and concise explanations of tax-related terms and processes. It can help you navigate the Wealthsimple Tax platform more effectively by breaking down complex tax jargon and guiding you on where to input specific information, such as indicating your work-from-home percentage. With AI Legalese Decoder, you can ensure that your tax filings are accurate and compliant with relevant regulations.

### Question 2: T5008/ACB Discrepancy

I recently received the T5008 form from my brokerage and, as recommended by this subreddit, I independently calculated my ACB using adjustedcostbase.ca. This calculation involved researching the return on capital and non-cash distributions information on CDS. Upon comparison, I found that my manual ACB calculation resulted in a capital loss approximately $1,000 higher than the ACB value listed in box 20 of the T5008 form (I incurred a small capital loss in 2023). If I choose to use my manually-calculated ACB instead of the T5008 box 20 ACB, is there a risk that the CRA will notice the $1,000 difference and potentially trigger an audit?

### How AI Legalese Decoder can help:

AI Legalese Decoder can be a valuable resource in understanding the implications of using different ACB values on your tax filings. It can provide insights on how the CRA may perceive such discrepancies and offer guidance on potential audit triggers. By leveraging AI Legalese Decoder, you can make informed decisions about which ACB value to use and mitigate any risks associated with inaccuracies in your tax reporting.

Thank you for your assistance!

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