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Businesses . . . Taxes . . . Office in the home . . .

Allowable deductions

To be deductible, the space must be:

• used exclusively to earn business income and on a regular and continuous basis for the purposes of meeting clients of the business, or

• the principal place of business

Deductible home workspace expenses for the self-employed include:

• utilities,

• maintenance and repairs including light bulbs and cleaning supplies,

• rent,

• insurance,

• property taxes,

• mortgage interest, and

• Capital Cost Allowance (CCA) (not recommended as the portion of the home on which CCA is claimed cannot be designated as the taxpayer's principal residence, with the result that that portion of the gain on the disposition of the home cannot be exempted from tax).

Links:

• Back to Office in the Home page

• Calculations

• Restrictions

• Recent court cases

• Ask yourself ...

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Last modified: 06/28/06