Can i claim equipment bought for a buisness that didnt make money until 2022?

i bought a sawmill and tractor attachments for a buisness that wasnt started until 2022 but the equipment was bought in 2021

Level 15

Jun 7, 2022 1:07:58 PM

Just to clarify you purchased a sawmill and tractor attachments for a business but never started the business until a year later? I yes, then no you can't claim the equipment.

What You Need to Know About Claiming Start-Up Costs For a New Business in Canada

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Can i claim equipment bought for a buisness that didnt make money until 2022?

What You Need to Know About Claiming Start-Up Costs For a New Business in Canada