<title>
topic I am a self employed carpenter .Where do I enter tool expenses? in Getting started
</title>
<link>
https://turbotax.community.intuit.ca/community/getting-started/discussion/i-am-a-self-employed-carpenter-where-do-i-enter-tool-expenses/01/912997#M7233
</link>
<description/>
<pubDate>Wed, 30 Oct 2019 16:18:19 GMT</pubDate>
<dc:creator>user193514509063</dc:creator>
<dc:date>2019-10-30T16:18:19Z</dc:date>
<item>
<title>
I am a self employed carpenter .Where do I enter tool expenses?
</title>
<link>
https://turbotax.community.intuit.ca/community/getting-started/discussion/i-am-a-self-employed-carpenter-where-do-i-enter-tool-expenses/01/912997#M7233
</link>
<description/>
<pubDate>Wed, 30 Oct 2019 16:18:19 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/getting-started/discussion/i-am-a-self-employed-carpenter-where-do-i-enter-tool-expenses/01/912997#M7233
</guid>
<dc:creator>user193514509063</dc:creator>
<dc:date>2019-10-30T16:18:19Z</dc:date>
</item>
<item>
<title>
Tools are considered to be Capital Assets so they are inc...
</title>
<link>
https://turbotax.community.intuit.ca/community/getting-started/discussion/tools-are-considered-to-be-capital-assets-so-they-are-inc/01/912998#M7234
</link>
<description>
<P>Tools are considered to be Capital Assets so they are included in the CCA (Capital Cost Allowance) section of the Expenses. The expenses will be depreciated over time rather than all at once.</P><P>Tools under $500 belong to class 12. Tools over $500 (each) belong to class 8.</P>
</description>
<description>...</description>
<pubDate>Wed, 30 Oct 2019 16:18:21 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/getting-started/discussion/tools-are-considered-to-be-capital-assets-so-they-are-inc/01/912998#M7234
</guid>
<dc:creator>TurboTaxJennifer</dc:creator>
<dc:date>2019-10-30T16:18:21Z</dc:date>
</item>