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Employment Expenses

This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. Tools and Supplies Tools used while performing your work generally fall under depreciation. Home How efile Works About efile. I did part time telemarketing from home as a for 10 months this past year. Letters to the Editor. The good news, however, is that you can carry any excess home office costs forward for use in a future year if they can't be used this year.

Completing your tax return. Complete the "Calculation of work-space-in-the-home expenses" portion of Form T, Statement of Employment Expenses. Enter the lower amount of line 24 or 25 of Form T at line Enter on line , the allowable amount of your employment expenses from the total expenses line of Form T

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I find that I want to eat only very small portions. The only thing that has been difficult is getting used to my new appetite. I've been throwing out a lot of my food because I physically feel like I cannot eat that much, and if I do eat too much then I don't feel so good. However, I'm learning to keep all my meals small and frequent (just like I should have been doing all along!).

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With more people working from home, the question of deducting home expenses often arises. The Canada Revenue Agency has restrictions and guidelines on what is allowed to be deducted, starting with determining whether you are . A study conducted by Statistics Canada shows that more than one out of five employed university graduates work from home. Working at home has many practical and financial benefits. You save money on commuting costs, meals and clothing. If you run a business from home, you also save money on building rent and overhead. Working from Home in Canada: Tax Deductions. Canadians who have retired from work opt to continue working either as an encore career .