Managing Your Financials

Claiming Home Office Expenses


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