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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?

 
1 Reply
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