Can you immediately expense (DEIP) a truck used for 90% business use purchased in 2023 for $50,000? I am a Sole proprietor, a Canadian citizen and a resident of Canada.

1297

Moderator

Apr 5, 2024 7:43:04 AM

Please see this Canada Revenue Agency (CRA) link for information: Immediate expensing property .

For clarification please contact the CRA by calling 1-800-959-8281.

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