Claiming office expenses with real estate property

[Robin Kirk]

Are we able to claim home office expenses for running a rental property?  We are partners in owing the property.

I cannot find a link to enter these amounts.

 

TIA

[TheTaxSmith]

Hello Robin Kirk.

Deducting for an office in your home as a rental expense is commonly disallowed by CRA. If you have a substantial amount of rental units that requires frequent meetings with tenants, contractors, etc you would maybe be able to make a claim. Here is some other information for office expenses.

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4036/rental-income.html#P522_49839

Line 8810 – Office expenses

You can deduct the cost of office expenses. These include small items such as pens, pencils, paper clips, stationery, and stamps. Office expenses do not include capital expenditures to acquire capital property such as calculators, filing cabinets, chairs, and a desk. These are capital items.

[MaceyArroyo]

The object of taxation of property tax is immovable property accounted on the organization's balance sheet as fixed assets.
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[Taduro]

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