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Residence costs (property tax, fire insurance, provincial tax, mortgage interest)

AE
08/04/2023
Question

I currently have a secondary occupation. I have read that I can claim the costs associated with the property where I carry out my professional activity. The area used for professional purposes amounts to 10% of the total floor space of the property.

Can I then claim the costs for property tax, fire insurance, provincial tax and mortgage interest amounting to 10% of the bills as an expense?

Do I still have to take into account that the bills are paid from my husband’s and my joint account? Or can I claim 10% of the bill?

Kind regards,

Annelies

Hello,

That is certainly possible and, in my opinion, it does not state which account you use the money from. It is simply an expense for you that you can claim regardless of where you take the money from. :) Best of luck, Natacha

Hello Annelies,

Have you calculated the area you use in a good way? Office space, storage space, hallway, toilet, kitchen, living room, etc. 10% seems low to me. Any space that you 'use' for your secondary occupation can be used 'partly'.
For the interest, I have taken the costs on an annual basis, and I take the other costs as they arise.

Kind regards,

Hey,

I hadn't considered that some spaces could also be partially included. Thanks for the tip.

Kind regards,

Annelies

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