hoomaan-ta
New Member

I have purchased a desktop computer that I use (100%) for my digital marketing business mainly for data storage and manipulation. Is it eligible for DIEP 100%?

Just wondering if I can deduct %100 of it during the first year (in Quebec), thank you very much in advance.
‎March 31, 2024 2:54 PM
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Moussi2
Moderator
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Getting started

Yes to calculate the capital cost allowance (CCA) on your depreciable properties,  you can use the Form T2125, Statement of Business or Professional Activities

 

Class 10 with a CCA rate of 30% includes general-purpose electronic data processing equipment (commonly called computer hardware) and systems software for that equipment, including ancillary data processing equipment, if you acquired them either:

  • before March 23, 2004
  • after March 22, 2004, and before 2005, and you made an election

We hope this answer your question. Thank you for choosing TurboTax.

‎March 31, 2024 3:32 PM
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