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New Member
posted Apr 30, 2022 6:06:59 PM

How do i claim 2 hard drives for my business?

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1 Replies
Level 4
May 2, 2022 12:20:04 PM

You may claim hard drives as Office Expense. It is not substantial enough to be assigned a CCA class, therefore it can be applied as office supplies. To do this on TurboTax Online:

 

> Sign in and choose your tax return for the year,

> On the left navigation pane, choose Income, Self-Employment, then Business or Professional Activities

> You will click Edit on the right of the business in question

> Choose business expenses; you will be provided with a guide of what expenses you are to report. You may report them or simply click Continue until you reach Office Expenses

> And from here you may report your 2 hard drives as a business expense.

 

Make sure to hit Continue so that your information is saved.

For more information, check out: Canada Revenue Agency (CRA) - Business Expenses

 

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