AGENT LICENSE NUMBER
M14000915
BROKERAGE LICENSE NUMBER
12625
Derrick Bryce

Derrick Bryce

Mortgage Agent


Address:
949 Garth St, Hamilton, Ontario L9C4L3
AGENT LICENSE NUMBER
M14000915
BROKERAGE LICENSE NUMBER
12625

Home office expenses for employees for 2023

Apr 22

2024

Eligible employees who worked from home in 2023 will be required to use the Detailed Method to claim home office expenses. The temporary flat rate method does not apply to the 2023 tax year.

As an employee, you may be able to claim certain home office expenses (work-space-in-the-home expenses, office supplies, and certain phone expenses).

This deduction is claimed on your personal income tax return. Deductions reduce the amount of income you pay tax on, so they reduce your overall income tax liability.

Salaried employees can claim: Electricity, Heat, Water, some utilities, monthly Internet access or part of your rent.

Commission employees can also claim: home insurance, property taxes and lease of a cell phone, computer and more.

Review the CRA website for more. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/work-space-home-expenses.html

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