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    guile2345
    Returning Member

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

     
    posted
    ‎April 26, 2020 9:48 AM
    last updated ‎April 26, 2020 9:48 AM
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    TurboTaxHeba
    Intuit Alumni

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

    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-partners...

     

    I hope this was helpful

     

     

    ‎April 28, 2020 12:22 PM
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