The T777 form, issued by the Canada Revenue Agency, serves as a crucial document for individuals seeking to claim employment expenses on their tax returns. This form, intricately designed to facilitate the reporting of various work-related expenses, plays a pivotal role in ensuring that employees and self-employed individuals can accurately account for expenditures incurred in the course of their employment. Among the diverse range of expenses it covers are accounting and legal fees, advertising, motor vehicle expenses, food, beverages, entertainment, lodging, tools for tradespersons and apprentice mechanics, musical instrument expenses, and even the cost associated with maintaining a workspace at home. Additionally, the form includes sections dedicated to calculating motor vehicle and home-office costs, guiding the taxpayer through a methodical process to determine the allowable amounts for deduction. Encouraging thorough documentation and adherence to guidelines provided in Guide T4044, "Employment Expenses," the T777 form underscores the importance of precision and clarity in the declaration of employment expenses. By meticulously detailing the expenses incurred, taxpayers can ensure compliance with tax regulations while optimizing their tax returns. Notably, the integration of specific expense categories underscores the broad spectrum of professional expenditures recognized by the Canada Revenue Agency, enabling a wide range of workers to benefit from potential tax relief.
| Question | Answer |
|---|---|
| Form Name | T777 Form |
| Form Length | 13 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 3 min 15 sec |
| Other names | form t777 guide, fillable t777 canada revenue agency, t4044 fillable, t4044 form |
Canada Revenue |
Agence du revenu |
Agency |
du Canada |
Protected B when completed
T777 E (12)
STATEMENT OF EMPLOYMENT EXPENSES
NOTE: In this form, the text inserted between square brackets represents the regular print information.
Guide T4044, "Employment Expenses", has information to help you complete this statement and the schedule on page 8 [the back]. The chapters we refer to below are chapters in the guide.
Include a copy of this form with your return.
Expenses
Accounting and legal fees
Advertising and promotion
Allowable motor vehicle expenses (from line 16 on page 5 [below] )
8862
8520
9281
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T777 – 1
Food, beverages, and entertainment expenses (see Chapter 2 or 3, as applicable)
× 50% =
Lodging
Parking
Supplies (for example, postage, stationery, other office supplies)
Other expenses (please specify)
Tradesperson's tools expenses, up to a maximum of $500 (see Chapter 7)
Apprentice mechanic tools expenses (see Chapter 7)
Musical instrument expenses (see "Part 2" in Chapter 6)
Capital cost allowance for musical instruments (see "Part A" on page 8 [the back] of this form)
8523
9200
8910
8810
9270
1770
9131
1776
1777
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Artists' employment expenses |
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(see "Part 1" in Chapter 6) |
9973 |
Subtotal |
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Add |
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(enter the lower amount of line 24 or 25 |
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on pages 6 and 7 [below] ) |
9945 |
Total expenses |
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(enter this amount on line 229 of your return) |
9368 |
Calculation of allowable motor vehicle expenses |
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Enter the make, model and year of motor vehicle used to earn employment income
Enter the kilometres you drove in the tax year to earn employment income
Enter the total kilometres you drove in the tax year
Enter the motor vehicle expenses you paid for:
Fuel (gasoline, propane, oil)
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Maintenance and repairs
Insurance
Licence and registration
Capital cost allowance
(see schedule on page 8 [the back] )
Interest (see "Interest expense" in Chapter 8)
Leasing (see "Leasing costs" in Chapter 8)
Other expenses (please specify)
Add lines 5 to 12
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line 13 |
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Enter the total of all rebates, motor vehicle allowances, and repayments for motor vehicle expenses you received that are not included in income. Do not include any repayments you used to calculate your leasing costs on line 11.
Allowable motor vehicle expenses (line 14 minus line 15)
Enter the amount from line 16 on line 1 in the "Expenses" area on page 1 [above].
Calculation of
Electricity, heat, and water
Maintenance
Insurance (commission employees only)
Property taxes (commission employees only)
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Other expenses (please specify)
Add lines 17 to 21 |
Subtotal |
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Subtract
Subtotal
Add amount carried forward from previous year
Subtotal
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T
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Enter your employment income
Subtract the amount from line 2 on page 3 [above] as well as any amount from line 207 and line 212 of your return that relates to this income
Subtotal (if negative, enter "0")
=T
T
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CAPITAL COST ALLOWANCE (DEPRECIATION)
SCHEDULE FOR EMPLOYEES
For information to help you complete this schedule, see the section called "How to calculate capital cost allowance" in Chapter 9 of Guide T4044, "Employment Expenses".
Part A – Classes 8 and 10
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Cost of |
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capital cost at the |
acquisitions |
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beginning of the |
during the year |
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year ** |
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disposition |
capital cost after |
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acquisitions and |
acquisitions |
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dispositions |
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(col. 2 + 3 – 4) |
(if negative, enter "0") |
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Base amount for |
Rate |
Capital cost |
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Undepreciated |
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capital cost |
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allowance (CCA) for |
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capital cost at |
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allowance claim |
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the year (col. 7 × 8, |
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the end of the |
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(col. 5 – 6) |
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or a lesser amount) |
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year (col. 5 – 9) |
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20 % |
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30 % |
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*Class 8 includes musical instruments. Class 10 includes all vehicles that meet the definition of a motor vehicle, except for a passenger vehicle included in Class 10.1 (see "Part B" on page 11 [below] ).
**This amount must be reduced by the portion of any goods and services tax/harmonized sales tax (GST/HST) rebate received in the year that relates to CCA on the vehicle or musical instrument.
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Part B – Class 10.1
For details about the Class 10.1 limits, see Chapter 9 of Guide T4044, "Employment Expenses".
List each passenger vehicle on a separate line.
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Cost of |
Class |
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acquired |
vehicle |
no. |
capital cost at the |
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beginning of the |
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year * |
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10.1 |
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*This amount must be reduced by the portion of any GST/HST rebate received in the year that relates to CCA on the vehicle.
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T777 – 11
3
Cost of
acquisitions
during the
year
4
Proceeds of disposition during the year
5
Base amount for
capital cost allowance
claim **
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8 |
Rate |
Capital cost |
Undepreciated |
% |
allowance (CCA) |
capital cost at the |
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for the year |
end of the year |
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(col. 5 × 6, or a |
(col. 2 – 7, or |
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lesser amount) |
col. 3 – 7) *** |
30%
30%
TOTAL
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**a. Enter the amount from column 2 in column 5 if you owned the vehicle in the previous year and still owned it at the end of the current year.
b.Enter 1/2 of the amount from column 3 in column 5 if you bought the vehicle in the current year and still owned it at the end of the current year.
c.Enter 1/2 of the amount from column 2 in column 5 if you sold the vehicle in the current year and you owned the vehicle at the end of the previous year.
d.If you bought and sold a Class 10.1 vehicle in the current year, enter "0" in column 5 for that vehicle.
***Enter "0" in column 8 for the year you sold or traded a Class 10.1 vehicle, since the recapture and terminal loss rules do not apply.
"Privacy Act", Personal Information Bank number CRA PPU 005
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