How to use this table: black cell means expenses deduction not available. Print table at the bottom of the page and enter the amounts in the white cells. The amount available for deduction is usually based on the ratio home office square footage over house square footage.
Under the Income Tax Act, the home office expenses can be deducted under the following circumstances:
|Expenses||Self-employed / Corporation||Employee (no commission)||Employee (commission)|
|Rent (if tenant)|
|Repairs and maintenance|
|Interest paid on mortgage||XXXXXXXXXX||XXXXXXXXXX|
|Tax depreciation house (consult your advisor!)||XXXXXXXXXX||XXXXXXXXXX|
Shaded area means the expenses are not available