CCA Class for a 3D printer

Forum|Forum|1 year ago
April 12, 2024
1 reply
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Can someone please help me figuring out what class a 3D printer falls into?

Also I bought two 3D printers at the same time and then the next month another two. Do I put the cost of each printer separately into CCA or can I put the total value of the printers from that month?

// EDIT

I use my printers to manufacture parts for sale.

TurboTax Online Self-Employed

GHarpe

You would use Class 8 for your 3D printers. If you can, you may wish to enter them separately as they may be replaced at different times of the tax year and it will be easier to indicate this in the future.

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KornelAuthor

Thank you Ginette,

Maybe I'll give more details about the process.

I'm using 3D printers to make finished goods from raw material.

The cost of a 3D printers I own falls between $400 to $2000 CAD

I also bought a 3D scanner and I think it definitely fits in Class 50

Any thoughts on that?

GHarpe

Yes, you should use Class 8 as seen in the Canada Revenue Agency (CRA) link: "Class 8 (20%)

Class 8 with a CCA rate of 20% includes certain property that is not included in another class. Examples are furniture, appliances, and tools costing $500 or more per tool, some fixtures, machinery, outdoor advertising signs, refrigeration equipment, and other equipment you use in the business.

Photocopiers and electronic communications equipment, such as fax machines and electronic telephone equipment, are also included in Class 8.

" To verify and clarify the class to use for your scanner, you may wish to contact the CRA by calling 1-800-959-8281.

Thank you for choosing TurboTax.