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E
eric_sladic
April 30, 2022
Question

How to I add tools purchased as an expense? I did handy work.

  • April 30, 2022
  • 1 reply
  • 0 views
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    1 reply

    S
    Shane27
    December 7, 2022

    What kind of tools are these? Tools costing $500 or more would be recognized as capital under Class 8 in Capital Cost Allowance (CCA). Smaller tools costing less than $500, with a limited life, are expensed as supplies or as other expenses.

     

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