Expenses for the business use of a workspace in your home may be deducted if one of the following conditions are met: 

• It is your principal place of business.

• You use the space only to earn your business income, and you use it on a regular and ongoing basis to meet your clients, customers or patients.

✋🏻 What expenses are available for deduction?

• Heating

• Home insurance

• Electricity

• Maintenance

• Property taxes

• Mortgage interest

• Other expenses (Rent/Home phone/ internet/Alarm System/Strata fee)

• CCA

✋🏻 How to calculate your deductions?

• The amount of deduction to be calculated will require a use of a reasonable base such as the area of workspace divided by the total square footage of your home.

• If only part of your home is for your business,

  • You must calculate how many hours in a day you use the rooms for your business, divided by 24 hours;

  • Multiply this amount by the business part of your total home expenses.

For additional information, please visit the CRA website here.

(*) This article is intended as general information only and is not to be relied upon as constituting legal, financial, or other professional advice. A professional advisor should be consulted regarding your specific situation. 

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