Jump to content
Français
Search In
  • More options...
Find results that contain...
Find results in...

How to Split Home Office Expenses between two different sole proprietorships


Jeremy
 Share

Recommended Posts

Hello,

So I now run two different sole proprietorships out of the same home office space, and I'd like to split the home office expenses between the two of them on the two separate T2125 Forms. How is this done on the Ufile program?

Link to comment
Share on other sites

Try claiming the proportionate share on each T2125 in the home office section. That said you need to be careful with income from more than one proprietorship with respect to the GST/PST or HST. If the total gross exceeds $30k you are liable for the tax. Just FYI.

Link to comment
Share on other sites

HI there. So I use 18% of my house as home office, 82% Personal use. Can I put it at 91% in the Portion (%) of home that is used for personal purposes box for each T2125, thereby letting the program make the calculation to split the home expenses 50/50 with each business? The actual personal use is 82%.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...