How much you get back from your employment expenses depends on the value of those expenses. When you claim an expense as a deduction, it lowers your taxable income. This does not mean that you receive the entire expense back as a credit. It just means you won’t pay taxes on that amount. Form T2200 is simply your employer’s report of the expenses that commissioned employees incur. Once you have form T2200, you’ll need to complete and submit form T777 to itemize your deductions. T777 will reduce your income tax liability.