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What is designated immediate expensing property?

 

Investors and rental owners

This CRA page has info on eligible for immediate expensing (DIEP): https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4002/t4002-2.html#...

 

If you are unsure if this asset qualified for DIEP, you can contact the Canada Revenue Agency (CRA) and confirm it with them. 

 

If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency

 

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