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Managing Your Financials

Claiming Home Office Expenses

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From Small Business BC

Home based businesses receive some favorable tax treatment by the Canada Revenue Agency. If you are self-employed or a sole proprietor and your principle place of business is your home, you may deduct a portion of your home expenses from your business profit. These deductions include:

  • Rent or Mortgage interest
  • Insurance
  • Utilities
  • Property taxes
  • Maintenance fees

Would you like to feel more in control of your finances? Check out our free On-Demand SMART course, “Financial Fitness: Keep Your Business Financially Healthy.