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May 2, 2023
Question

I bought a large peice of equipment for my business How do I write it off?

  • May 2, 2023
  • 1 reply
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Write off equipment

    1 reply

    TurboTaxSusan
    May 4, 2023

    You can't "write it off". You need to take CCA on it. You would enter it as an addition. You can find the class on the CRA's website: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/classes.html