TaxNerd101 Posted April 9 Report Posted April 9 Hi there, First time entering WFH expenses using the T777 form. Expense part is no problem. Last year I purchased a sit/stand desk for ~$2000. I believe this can be deducted as a Capital Cost Allowance item. Can you please help me figure out how to enter information into the interview to trigger UFile to fill out page 3 (CCA) of the T777 form? Thanks, Ryan Quote
Geo123 Posted April 9 Report Posted April 9 Hello TaxNerd101 There is no CCA available for office furniture, the only CCA available for the T777 - Expenses of Employee / Home Office Expenses is Motor vehicle expenses. 6. Pursuant to subsection 8(2), expenses which are not permitted by section 8 cannot be deducted in computing income from an office or employment. Consequently, for an individual who is not a commission sales employee described in paragraph 8(1)(f), expenses on account of capital cost allowance, taxes, insurance and mortgage interest cannot be deducted. For a commission sales employee who is entitled to claim expenses under paragraph 8(1)(f), a reasonable proportion of the taxes and insurance paid on a home owned by the individual is otherwise deductible under that paragraph, in addition to the expenses listed in 5 above. However, no mortgage interest or capital cost allowance can be deducted. https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it352r2/archived-employees-expenses-including-work-space-home-expenses.html#P30_2482 Eligible Employment Expenses : https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4044/employment-expenses.html Quote
TaxNerd101 Posted April 9 Author Report Posted April 9 Thank you! That’s very helpful and comprehensive. Quote
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