PLEASE UPDATE YOUR BROWSER
APPLY NOW
  • Menu
    • Mortgages         
      • Refinance                     
        • Debt Consolidation
        • Renovation Finance
        • Equity Takeout
      • HELOC
      • Mortgage Renewal
      • Reverse Mortgage
      • Commercial
      • Second Home
      • First Time Home Buyer
      • Construction Financing
      • Purchase and Improvement
      • New To Canada
      • Pre-Approval
    • Calculators         
      • Mortgage Payment Calculator
      • Mortgage Affordability Calculator
      • Land Transfer Tax Calculator
    • About Us            
      • Community Outreach
      • Meet Our Team – Agents
      • Meet Our Team – Corporate
      • Why 8Twelve
    • Careers
    • News You Can Use
    • FAQ
    • Contact Us
Menu
  • Menu
    • Mortgages         
      • Refinance                     
        • Debt Consolidation
        • Renovation Finance
        • Equity Takeout
      • HELOC
      • Mortgage Renewal
      • Reverse Mortgage
      • Commercial
      • Second Home
      • First Time Home Buyer
      • Construction Financing
      • Purchase and Improvement
      • New To Canada
      • Pre-Approval
    • Calculators         
      • Mortgage Payment Calculator
      • Mortgage Affordability Calculator
      • Land Transfer Tax Calculator
    • About Us            
      • Community Outreach
      • Meet Our Team – Agents
      • Meet Our Team – Corporate
      • Why 8Twelve
    • Careers
    • News You Can Use
    • FAQ
    • Contact Us
APPLY NOW

1.877.812.8123

8twelve_logo
  • Mortgages
    • Refinance
      • Debt Consolidation
      • Renovation Finance
      • Equity Takeout
    • HELOC
    • Mortgage Renewal
    • Reverse Mortgage
    • Commercial
    • Second Home
    • First Time Home Buyer
    • Construction Financing
    • Purchase and Improvement
    • New To Canada
    • Pre-Approval
  • Calculators
    • Mortgage Payment Calculator
    • Mortgage Affordability Calculator
    • Land Transfer Tax Calculator
  • About Us
    • Community Outreach
    • Meet Our Team – Agents
    • Meet Our Team – Corporate
    • Why 8Twelve
  • Careers
  • News You Can Use
  • FAQ
  • Contact Us
Menu
  • Mortgages
    • Refinance
      • Debt Consolidation
      • Renovation Finance
      • Equity Takeout
    • HELOC
    • Mortgage Renewal
    • Reverse Mortgage
    • Commercial
    • Second Home
    • First Time Home Buyer
    • Construction Financing
    • Purchase and Improvement
    • New To Canada
    • Pre-Approval
  • Calculators
    • Mortgage Payment Calculator
    • Mortgage Affordability Calculator
    • Land Transfer Tax Calculator
  • About Us
    • Community Outreach
    • Meet Our Team – Agents
    • Meet Our Team – Corporate
    • Why 8Twelve
  • Careers
  • News You Can Use
  • FAQ
  • Contact Us
APPLY NOW

Make Space for Small Business

Posted November 11, 2020

Are you one of the approximately 1 in 7 Canadian workers who are self-employed ? Self-employed workers are a diverse group, one that includes everyone from tech entrepreneurs to mobile yoga instructors, gig-economy drivers to freelance consultants, crafters and creators.

Working for yourself can be as rewarding as it is challenging. One of the ways to set your small business up for success is to create an office HQ that is appropriate for the scale of your work – and ambition. If you’re still using your kitchen table to run your business from, stop. Now is the time to carve out your own dedicated office space. Here’s why… with an added tip on how to access renovation financing.

1. Tax Benefits

Having a dedicated work space entitles you to Canada Revenue Agency tax deductions including a portion of your utilities, maintenance, property tax and mortgage interest. But under CRA rules, this is only the case if the home office is your primary work space, and/or it’s the primary location where you meet clients and customers.

All this to say: your kitchen table won’t qualify! But consider repurposing your guest bedroom into a home office, renovating your garage into a workshop or finishing your basement into a studio. A work-from-home reno is one home improvement that you’ll be glad you did, come tax time.

2. Stay focused and organized

Another benefit of having a dedicated work space in your home is the ability to stay organized and focused on your tasks. Trying to stay organized and focused on specific tasks in a shared, mixed-use space can be a daily challenge.

To use the kitchen table example again: imagine trying to work on a specific project using multiple files, spreading out across the table, only to have to pack up in mid-day because someone needs to make a meal. Or misplacing important papers because another household member stacked them incorrectly when they used the table. Or finding food stains on client paperwork because… well, it’s a busy kitchen.

A dedicated home office provides room to spread out without intruding into shared family space, and to set up organization systems that keep files safe and secure. And when you close the door at the end of the work day, you can re-set your frame of mind to home time – which can be a challenge if you see a stack of projects waiting on the kitchen counter.

3. Be Zoom-ready

Recent events such as the COVID-19 pandemic have pushed even more Canadians into work-from-home arrangements . Videoconferencing has gone mainstream and many workers are familiar with the routine of trying to set up enough distractions to ensure their children don’t wander into camera view. Or, furiously tidying up so their colleagues don’t see a messy backdrop!

A dedicated home office space ensures you’ve always got a professional-calibre backdrop for those video calls, not to mention minimal background noise, and easy access to any files you may need.

Build your office HQ

When you’re ready to create a more efficient work-from-home space that works harder for you, reach out to 8Twelve Mortgage. Our team of mortgage brokers can access renovation financing solutions to make your home office, workshop or studio dreams a reality. Our Mortgage Strategists are specialists in mortgage refinancing, reverse mortgages, renovation loan products and the lowest HELOC rates.

 
 

Call us to get started on your “expansion plans” today!

Contact us today

Search For A Topic
Browse Topics By Interest
  • Articles
  • In The News
  • Marketing
  • Mortgage
  • Refinancing
  • Reverse Mortgage
  • Tips
Recent Posts at 8Twelve
  • Need relief? 5 programs homeowners should know about
  • Financial Literacy in Canada: 5 things you need to know in 2021
  • What is Home Equity (And How Can I Use It?)
  • Here’s why the Bank of Canada interest rate should interest you
  • Is a second mortgage or reverse mortgage right for you?
Archived Articles
  • January 2021
  • December 2020
  • November 2020
  • July 2018
Share on facebook
Share on twitter
Share on linkedin
Share on email
Learn more at 8Twelve Mortgage
Need relief? 5 programs homeowners should know about
Financial Literacy in Canada: 5 things you need to know in 2021
What is Home Equity (And How Can I Use It?)
Here’s why the Bank of Canada interest rate should interest you
Is a second mortgage or reverse mortgage right for you?
Is it Worth the Cost to Break a Mortgage?
Eliminating Credit Card Debt
Hello, tech! How technology is helping homebuyers open new doors
Home Insurance Basics
Canada’s Housing Outlook After COVID-19
Home inspections: Don’t buy a home without one!
Home Buying for Self-Employed Canadians
Find the perfect work-from-home
Make Space for Small Business
Is Property Investing For You?
Help! How can we buy our first home?
5 Ways to COVID-proof your finances this fall
How to Weather Rising Mortgage Rates
8Twelve Mortgage Corp. Launches New Brokerage Business in Ontario
What is the ‘best’ mortgage for me?
First-Time Home Buyer Tips
Do’s and Don’ts of Refinancing
Are Canadians saving enough for retirement?
Previous
Next
Learn more at 8Twelve Mortgage
Need relief? 5 programs homeowners should know about
Financial Literacy in Canada: 5 things you need to know in 2021
What is Home Equity (And How Can I Use It?)
Here’s why the Bank of Canada interest rate should interest you
Is a second mortgage or reverse mortgage right for you?
Is it Worth the Cost to Break a Mortgage?
Eliminating Credit Card Debt
Hello, tech! How technology is helping homebuyers open new doors
Home Insurance Basics
Canada’s Housing Outlook After COVID-19
Home inspections: Don’t buy a home without one!
Home Buying for Self-Employed Canadians
Find the perfect work-from-home
Make Space for Small Business
Is Property Investing For You?
Help! How can we buy our first home?
5 Ways to COVID-proof your finances this fall
How to Weather Rising Mortgage Rates
8Twelve Mortgage Corp. Launches New Brokerage Business in Ontario
What is the ‘best’ mortgage for me?
First-Time Home Buyer Tips
Do’s and Don’ts of Refinancing
Are Canadians saving enough for retirement?
Previous
Next
Share
Prev
Next

Site Map

  • Our Sales Team
  • Mortgages
  • Mortgage Calculator
  • Why 8Twelve?
  • Privacy Policy
  • Careers
  • FAQ
  • News You Can Use
  • Contact Us
  • Accessibility
  • Our Sales Team
  • Mortgages
  • Mortgage Calculator
  • Why 8Twelve?
  • Privacy Policy
  • Careers
  • FAQ
  • News You Can Use
  • Contact Us
  • Accessibility

Contact Us

  • Head Office:
  • 8Twelve Mortgage Corp
    (ON License #10372)
  • 45 Sheppard Ave East,
    Suite 211,
    Toronto, Ontario, Canada
    M2N 5W9
  • Head Office:
  • 8Twelve Mortgage Corp (ON License #10372)
  • 45 Sheppard Ave East, Suite 211, Toronto, Ontario, Canada
    M2N 5W9
  • Locations
  • Corporate Phone & Fax: 1.877.812.8128 (Toll Free)
  • Sales Phone & Fax: 1.877.812.8123 (Toll Free)
  • 1.416.800.1052 (Local)
  • Email: info@8twelve.mortgage
  • Locations
  • Corporate Phone & Fax:
    1.877.812.8128 (Toll Free)
  • Sales Phone & Fax:
    1.877.812.8123 (Toll Free)
  • 1.416.800.1052 (Local)
  • Email: info@8twelve.mortgage

Follow Us:

Facebook
Twitter
Youtube
Linkedin

Copyright 8Twelve 2020

Copyright 8Twelve 2020

Follow Us:

Facebook
Twitter
Youtube
Linkedin

Claritas est etiam processus dynamicus, qui sequitur mutationem consuetudium lecto rum eleifend option congue nihil doming.

Categories

  • Articles
  • In The News
  • Marketing
  • Mortgage
  • Refinancing
  • Reverse Mortgage
  • Tips

Contacts



8 800 2563 123

  emil@yoursite.com

 27 Division St, New York, NY 10002, United States