Can I claim the purchase of a travel trailer on my income tax? I'm self employed and I work in the trailer while we use it. If it can be claimed, how would I do that?

[ayseleren18]

Thank you for choosing TurboTax, 

Yes, you can claim the purchase of a travel trailer through Capital Cost Allowance on Form T2125 for your self-employed work.

You claim a deduction over a period of several years, based on the depreciation percentage, until it wears out or has no value left. Claiming CCA will also allow you to calculate capital gains or losses in certain conditions when you sell your vehicles. Each vehicle class has a different CCA.

You can use class 10  for a travel trailer if its cost is less than $30,000 before tax, and the depreciation rate is 30%. 

You can use class 10.1  for a travel trailer if its cost is more than $30,000 before tax, and the depreciation rate is 30%. 

Please visit the website of What Motor Vehicle Expenses Can Self-Employed Claim? to learn more about how to claim Vehicle expenses for self-employed businesses.