If you work out of your home to earn income, CRA lets you deduct certain expenses for using part of your home as an office, depending on how your business is set up. The expenses you can deduct fall into 2 categories:
Tags: home business
Whether you’re new to the bliss of the commute-free lifestyle or a seasoned pro, you’re not alone. According to Statistics Canada, the number of self-employed people who work from home increased from 54 to 60 percent between 2006 and 2008, and “1,842,000 self-employed persons worked at home in 2008”. More recent information suggests
When you’re self-employed, your workplace can be in your home. The CRA lets you claim part of those expenses to lower your tax bill. But, be sure you’re following the rules to deduct your business-use-of-home expenses.