Home Office Expenses Cra
The home office is the place where the employee principally performed their employment duties.
Home office expenses cra. However you cannot create or increase a loss from employment by carrying forward work space expenses. Prior to the covid 19 pandemic an employee could claim home office expenses if they were contractually required to maintain a home office they were not reimbursed for and met one of the following two conditions. Salaried and commission employees can also deduct certain expenses which cra calls work space in the home expenses. For more information see interpretation bulletin it352 employee s expenses including work space in home expenses.
Enter the lower amount of line 24 or 25 of form t777 at line 9945. Fortunately the cra provides tax benefits to deduct home office expenses. You can deduct these expenses in the following year as long as you are reporting income from the same employer. In canada both self employed and qualified employees are able to claim expenses related to having a home office although the deductions available differ significantly.
You can deduct home office expenses if you work mainly more than 50 of your hours at your home office. Complete the calculation of work space in the home expenses portion of form t777 statement of employment expenses. To qualify for the.