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posted Oct 31, 2019 12:31:08 AM

Does a machine for my foot care business fit into the class 10 or 8? I'm in the c.c.a. section. I paid $ 2,852.66 in 2015 for a sterilizing machine.

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1 Replies
Level 15
Oct 31, 2019 12:31:09 AM

This would be a Class 8 item: "Class 8 with a CCA rate of 20% includes certain property that is not included in another class. Examples are furniture, appliances, and tools costing $500 or more per tool, some fixtures, machinery, outdoor advertising signs, refrigeration equipment, and other equipment you use in the business".

Here's a link to the CRA information on CCA classes: https://bit.ly/2VGC1rJ