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alamay-aquilay-c
Level 1

Is rent (work from home rent) tax exempt or inclusive of HST? For QBO, Ontario resident, sole proprietor. Thanks!

Details in the question. I'm quite new to qbo so apologies if this is a very obvious question.
2 Comments 2
JamesM4
QuickBooks Team

Is rent (work from home rent) tax exempt or inclusive of HST? For QBO, Ontario resident, sole proprietor. Thanks!

Hi there, 

 

Welcome to the QuickBooks family! When it comes to managing your assets, QuickBooks is the go-to program that enables you to manage your work with peace of mind. I'll be happy to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting professional for expert advice. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. Otherwise, you're more than welcome to ask other questions in the comments below. 

Kaleem
Level 1

Is rent (work from home rent) tax exempt or inclusive of HST? For QBO, Ontario resident, sole proprietor. Thanks!

Every business has its set of specific requirements, thus a professional advice is always recommended to know that you are working as per regulations applies to your business. However, in general, if you are using office space in your place of residence, you can use a portion of rent as you business expense as office rent. How much, is a question of business nature and remt amount.

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