Do I have to prorate CCA on my 4 coffee vending machines if only one machine is placed in an office making money or can I deduct all CCA for 4 machines? Thank you.

Isabelle-Corleone · ‎October 29, 2019

TaxHelp5 · ‎October 29, 2019

You only have to prorate CCA on equipment bought for a business/self-employment if the equipment is not used 100% for business. So if the intent of the purchase of the machines is to use entirely for business (at some point even if not being used yet by the business) then you can claim the entire CCA. If any portion is for personal use then you must deduct the personal portion.

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Isabelle-Corleone · ‎October 29, 2019

Thanks for the explanation which was very clear.

Anthnii · ‎March 11, 2023

Hi.

What CCA Class do you use for your Vending Machines?

TurboTaxSusan · ‎March 17, 2023

@Anthnii If your assets don't fit into a specific category, you can use Class 8 (20%).

Do I have to prorate CCA on my 4 coffee vending machines if only one machine is placed in an office making money or can I deduct all CCA for 4 machines? Thank you.

Self-employed

Self-employed

Self-employed

Self-employed