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May 1, 2023
Question

What class should I use for computer monitors purchased this year?

  • May 1, 2023
  • 1 reply
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    1 reply

    May 1, 2023

    Hi @bpmi-live-ca,

     

    Thanks for your question! The following article outlines common depreciable property classes. 

    https://turbotax.intuit.ca/tips/common-depreciable-property-classes-6371

     

    Specifically the mentioned regarding class 10. "Data-processing equipment also includes any system... used to... display information."

    Class 10

    The CRA includes electronic data-processing equipment, computer hardware, and systems software in Class 10. Items that fall into this category include computers, software and firmware.

    Data-processing equipment also includes tablets, servers, or any equipment or system used to store, manipulate, manage, display, receive or transmit information. Items are in Class 10 are subject to a CCA rate of 30%.

     

    Let us know if this answers your question?

    - V