Home Office Expenses for Canadian Employees Explained

  Рет қаралды 1,509

Avalon Accounting

Avalon Accounting

Күн бұрын

Discover the process of claiming home office expenses as a Canadian employee and learn about the eligibility criteria for these deductions.
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🎥 CONTENTS OF THIS VIDEO
00:00 - Intro
00:32 - Home Office Expenses for Employees
00:41 - Eligibility - Method 1
00:58 - Eligibility - Method 2
01:49 - Required Documentation
03:32 - Understanding the 2023 Changes
04:14 - Detailed Calculation and Claim Process
04:57 - Claimable Home Office Expenses
05:07 - Eligible Expenses for Employees (Not Commission-based)
06:29 - Eligible Expenses for Employees (Commission-based)
07:12 - Ineligible Home Office Expenses for Employees
07:41 - Home Office Expense Calculator for Employees
08:03 - Documentation and Compliance
08:51 - Final Thoughts
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🔗 MENTIONED IN THIS VIDEO
► T2200 - Declaration of Conditions of Employment
www.canada.ca/en/revenue-agen...
► Home Office Expense Calculator
avalonaccounting.typeform.com...
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Пікірлер: 3
@dashap9288
@dashap9288 2 ай бұрын
Can the cost of painting an office be expensed ?
@Taimur_SK
@Taimur_SK 3 ай бұрын
Two questions: 1) what if it’s an incorporated business, shareholder owner. Can he write himself t2200 or his accountant sign it for him if he works from home? 2) what if an employee is also a 50% shareholder, then what happens if he works from home?
@MJ-cg8vp
@MJ-cg8vp 3 ай бұрын
If the shareholder acts like an employee, he likely qualifies for the home office deductions on his personal return.
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