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April 5, 2024
Question

Can you immediately expense (DEIP) a truck used for 90% business use purchased in 2023 for $50,000? I am a Sole proprietor, a Canadian citizen and a resident of Canada.

  • April 5, 2024
  • 1 reply
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    1 reply

    April 5, 2024

    Please see this Canada Revenue Agency (CRA) link for information: Immediate expensing property .

    For clarification please contact the CRA by calling 1-800-959-8281.

     

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