My grooming tools add up to just over $3000. When I enter into the capital asset section, do I need to enter each tool separately? Or do I put asset-grooming tools, cost - $ total for all tools?
You will first need to determine which CCA class your tools fall in.
Once you have determined the correct class, "Yes" you can enter them as a total cost.
This link will take you the CRA information on CCA classes & rates: https://bit.ly/2SQjIm0
You will first need to determine which CCA class your tools fall in.
Once you have determined the correct class, "Yes" you can enter them as a total cost.
This link will take you the CRA information on CCA classes & rates: https://bit.ly/2SQjIm0
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