scott-tate
New Member

For my T2125 form I have questions about rent: I have a home rent for 9 months of the year, then moved to another apartment, more rent and a small officer I rent...

I have employment income from a job with a T4 but these costs are for my consulting business
‎October 29, 2019 11:45 PM
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Delphision
New Member

Investors and rental owners

If your consulting business is run out of your home, you cannot claim all of the rent.  These home office costs go in home office expenses and only a portion of the total rent can be claimed, usually based on square footage.  You will need to do a spreadsheet to calculate the rent for each space and book in an average of rent and square footage to allow the calculation.

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‎October 29, 2019 11:45 PM
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scott-tate
New Member

Investors and rental owners

Great, so the full rent for the office needs a place and the 20% of home rent needs a place... Which goes where!
‎October 29, 2019 11:45 PM
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Delphision
New Member

Investors and rental owners

You did say "for my T2125" so I am assuming that you have answered the questions regarding self-employment and have opened the entry screen to put in your income and expenses.  If so, you will find it along in a page or two as you go.  If you have not answered the questions and have not as yet opened your T2125 entry screen, once you do so, it is quite easy to find.
‎October 29, 2019 11:45 PM
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scott-tate
New Member

Investors and rental owners

There is one place for rent - would I put the %of home rent and the full facility rent in the same line?
‎October 29, 2019 11:45 PM
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