Claiming Home Office Expenses: Read This First
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Working from home has its benefits and drawbacks, but whether you love it or hate it, there is an upside to it: you can claim certain home office expenses to help reduce your taxes.
So, how does it work and what’s eligible? Keep reading to find out.
Eligibility for Home Office Expenses
In order to be eligible to claim home office expenses, you must meet two conditions:
- You must be required by your employer to maintain a home office, which isn’t paid for by your employer. Your employer will need to confirm this via a T2200 form.
- You need to either work mainly from that home office (more than 50% of the time) or you use it exclusively for earning employment income.
- Heat
- Electricity
- Utilities
- Internet access
- Rent
- Minor repairs