Claiming Home Workspace Expenses

Home office expenses are common for the self-employed; some employees may claim them too, when their employer signs Form T2200 to confirm this requirement. These claims are often audited so be sure to know the rules.

To qualify the space must the place where the individual principally (that’s more than 50% of the time) performs the office of employment duties. In the alternative, the space must be used exclusively to earn income from office or employment and on a regular and continuous basis for meeting customers or others in the ordinary course of performing duties. The space must also be separated from other living spaces, and deductible costs are limited to income earned. A carry forward provision is available.