As "all premiums regularly commercial insurance incurring buildings can deduct, machinery and equipment for companies" (tax on income T4072 Small Business Information Seminar Module III), the insurance business at home must be used to qualify.
the main business insurance is essentially commercial in nature and is completely independent of building insurance a person. (In fact, if a company goes out of his house and you have no business insurance at home to reduce the risk of not covered if something happens to run because running a home business that your insurance, it is not known, make home insurance invalid.
So you definitely want to get a home business insurance for your own protection - and then use it as a business deduction.
Tax Tip: You can also give a portion of the cost of your home insurance if your home business is legitimate user fees apply for residence permit (see 4. Other operations of Home below): -. If necessary, these costs would be part of the costs they will ask on the line 9945 of the T1 form).
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