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ddekanic
Level 2
posted
‎April 06, 2022 07:15 PM
last updated ‎April 06, 2022 7:15 PM

T777s - # of hours worked per week

Trying to enter the number of hours per week for the detailed method, but the drop down arrows keep popping back and forth from the T777s and T77s detail.  One allows an override, but the other doesn't pick it up.  

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Best answer April 09, 2022
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dogilvie89
Level 4
‎April 09, 2022 05:52 AM

T777s - # of hours worked per week

At least YOU got it right--you MUST enter the hours as you do not get to claim 100% of the expenses ONLY for the amount of HOURS you WORKED there --there are 168 hours in a week, so if only work 40 then you get 23.8% of the expenses and then based on area used you get that TOTAL  @ 23.8%

 

so a 1600 Sq Ft house that you use 160 Sq ft of you get 10% of heat and hydro then that gets reduced again and you get 23.8% of that amount

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5 Comments 5
janisbossenberry
Level 7
‎April 07, 2022 09:48 AM

T777s - # of hours worked per week

I believe that is because, when you choose to use the detailed method, the allocation of expenses is based on the area used for work compared to the total area of the home.  The number of hours worked only comes into play if you use the temporary flat rate method.

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ddekanic
Level 2
‎April 07, 2022 09:55 AM

T777s - # of hours worked per week

Unfortunately, that's incorrect, but thank you.  The number of hours per week is located in the area for detailed calculations

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janisbossenberry
Level 7
‎April 07, 2022 09:57 AM

T777s - # of hours worked per week

Yes, for some reason it is there.  However, the reason you cannot fill it in is because it is irrelevant for the detailed method.  If you change to the flat rate method, it lets you enter the # of hours.  If you check off the detailed method, it lets you fill in the square footage figures.  If it was relevant, it would let you fill it in without the override.

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dogilvie89
Level 4
‎April 09, 2022 05:52 AM

T777s - # of hours worked per week

At least YOU got it right--you MUST enter the hours as you do not get to claim 100% of the expenses ONLY for the amount of HOURS you WORKED there --there are 168 hours in a week, so if only work 40 then you get 23.8% of the expenses and then based on area used you get that TOTAL  @ 23.8%

 

so a 1600 Sq Ft house that you use 160 Sq ft of you get 10% of heat and hydro then that gets reduced again and you get 23.8% of that amount

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janisbossenberry
Level 7
‎April 09, 2022 10:54 AM

T777s - # of hours worked per week

Do keep in mind, though, that if it is a dedicated office space, you do not need to reduce the expense based on square footage by the # of days worked.  That only applies if it is a common or shared space.  In most cases, if it is just a dining room table, or a common room, the temporary flat-rate method will work out to your benefit.  For a dedicated office space, usually the detailed method works out best.  CRA explains it quite well here:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

 

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