Skip to main content
T
tntdj
March 12, 2019
Question

Business use of Home Expenses (Canada) on income tax form T2125 in QuickBooks Self-Employed

  • March 12, 2019
  • 1 reply
  • 0 views

Hello,

 

Can someone post a screenshot and explain how the process of calculating "Business-use-of-Home-Expenses" are done in in QuickBooks Self-Employed (Canada) on income tax form T2125?  How easy does the software make it to calculate line 9945 based on your monthly banking transactions.  For example, I get electricity bills, phone bills, mortgage payments...  Does the software help you by asking for what time & area you use your home, and then getting you to include and apportion the appropriate costs etc?  Does it help you visualize how much of a given expense ends up as a write-off each month?

 

Something similar to this spreadsheet, only better (hopefully!)

https://horizoncpa.ca/wp-content/uploads/2018/01/T2125-Business-Income-and-Expenses-Sheet-Business-Owners-.xls

 

 

Thanks!

Danny

1 reply

AddieC
AddieC
March 12, 2019

Hi Danny, 


Thanks for reaching out to us here on the Community. Calculating the totals for your tax forms is made easy with QuickBooks Self-Employed. I want to make sure I point you in the right direction for advice. 

 

Our QuickBooks Self-Employed Team can help you locate the information you need for line 9945 on your T2125 form. Here's where you can reach them: https://help.quickbooks.intuit.com/en_CA/contact. 


I recommend reaching out to this team with any questions you have pertaining to QuickBooks Self-Employed. 


Have a great day!

Terms & ConditionsAccessibility statement