Yes, as per the Canada Revenue Agency (CRA), under Class 8 you can claim equipment and certain property that is not covered in another class is included in Class 8, which has a CCA rate of 20%. Furniture, appliances, and tools that cost $500 or more per tool, as well as some fixtures, machinery, outdoor advertising signs, refrigeration equipment, and other business-related equipment, are examples. If this equipment costs $1,000 or more, you can elect to have it included in a separate class.
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