Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 5:49:05 PM

Can I claim CCA deductions (Class 50) as a self-employed individual?

0 1 1179
1 Replies
Level 15
Oct 30, 2019 5:49:07 PM

If you own or purchase computer assets used in the course of your business that fall into the Class 50 category, "yes". The following link explains the different CCA classes for Computer Equipment & Software:

https://www.thebalancesmb.com/capital-cost-computers-2948646

CRA information:https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...