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New Member
posted Oct 31, 2019 1:59:28 AM

Can I claim an amount under $500 in CCA class 8?

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1 Best answer
Level 15
Oct 31, 2019 1:59:31 AM

Yes! Class 8 includes "Furniture regardless of cost and Tools under $500 can go in 8 or 12.

3 Replies
Level 15
Oct 31, 2019 1:59:31 AM

Yes! Class 8 includes "Furniture regardless of cost and Tools under $500 can go in 8 or 12.

New Member
Feb 13, 2023 6:19:42 PM

What about items under $500 for my photography business such as a $130 space heater for my office?  $450 camera harness? $430 stand or sit desk?  Would these be considered tools under class 12?  Or would I add these up to $1010 and put them in class 8?

Moderator
Feb 17, 2023 5:19:29 PM

@Rush342 

The $500 limit is for tools only. The items you've listed would go under class 8. You would enter each one separately, and they will automatically be combined into the class 8 pool.