How can I claim items that I bought for pleasure but now use for business. In my case musical intruments

[rbari]

I had professional recording gear and instruments that I now use for my business, but have owned them for approximately 3-4 years. Can I sell them to myself?

[JEM0179]

You can transfer these items to your business at their fair market value (FMV). 

Kindly see below additional information found on this Canada Revenue Agency (CRA) Links:

Bringing personal assets into your business 

Fair Market Value 

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