Can you immediately expense (DEIP) a truck used for 90% business use purchased in 2023 for $50,000? I am a Sole proprietor, a Canadian citizen and a resident of Canada.

ezey · ‎April 5, 2024

TurboTaxGinette · ‎April 5, 2024

Please see this Canada Revenue Agency (CRA) link for information: Immediate expensing property .

For clarification please contact the CRA by calling 1-800-959-8281.

Thank you for choosing TurboTax.

Self-employed