Eligibility Criteria:

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Requirement to Work from Home: Your employer must have required you to work from home. This can be a formal telework arrangement or a written/verbal agreement.

Eligible Expenses:

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Salaried Employees and Commission Employees (Box 42 on T4 Slip):
Electricity
Heat
Water
Utilities portion of condominium fees (electricity, heat, and water)
Home internet access fees
Maintenance and minor repair costs
Rent paid for the house or apartment where you live
Commission Employees Only:
Home insurance
Property taxes
Lease of cell phone, computer, laptop, tablet, fax machine, etc. related to earning commission income.

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Ineligible Expenses:

Which we cannot claim.
Mortgage interest
Principal mortgage payments
Home internet connection fees
Furniture
Capital expenses (replacing windows, flooring, furnace, etc.)
Wall decorations

Spouses Working from Home:

If both spouses meet the eligibility criteria, they must decide which expenses each will claim. Each expense can be claimed only once. Limitations on Work-Space-in-the-Home Expenses:
Part-Year Work from Home: Only expenses paid during the part of the year you worked from home can be claimed.

Multiple Income Sources:

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Work-space-in-the-home expenses can only be claimed against the income they relate to, not any other income.

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Expenses Exceeding Income:

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The amount you can claim is limited to the amount of employment income remaining after deducting all other employment expenses. Work-space-in-the-home expenses cannot create or increase a loss from employment.
Excess expenses can be carried forward to the next year, as long as you're reporting income from the same employer.
Commission employees may not be able to claim total work-space-in-the-home expenses if they exceed commission income.

T2200 Form:

To claim work from home expenses, the employer must complete the T2200 form.

Conclusion

Maximizing your savings by claiming work-from-home expenses is a smart financial move. At MaxTax Inc., we're here to help you navigate the eligibility criteria, understand the T2200 form, and ensure you're making the most of your tax deductions. Contact us today to optimize your tax savings and financial well-being.

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