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Purchased a portable shelter and wondering where to include the cost of this purchase?
This shelter is 30 x 85' and used as storage.
a number of other materials were used to complete construction are they also entered in the same category as the building
October 31, 2019
12:11 AM
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Self-employed
You may want to consult the CRA (1-800-959-8281) on this issue, as it depends on how permanent this structure is and what it is made out of. It could be Class 1 (4%), Class 6 (10%) or maybe Class 8 (20%).
This is a CRA page with the different CCA classes listed: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...
October 31, 2019
12:11 AM