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Returning Member
posted Apr 26, 2020 9:48:08 AM

I bought a new washer and dryer for my rental income apartment, can I use the cost as expenses?

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1 Replies
Intuit Alumni
Apr 28, 2020 12:22:09 PM

No. They have depreciable values, so you claim them in the CCA table as class 8: 20%.

Please check the CRA link below for CCA classes used in your rental property:

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/classes-depreciable-property.html#Class8

 

I hope this was helpful