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    eric_sladic
    New Member
    posted
    ‎April 30, 2022 6:00 AM
    last updated ‎April 30, 2022 6:00 AM

    How to I add tools purchased as an expense? I did handy work.

     
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    Shane27
    Level 3
    ‎December 7, 2022 1:38 PM

    How to I add tools purchased as an expense? I did handy work.

    What kind of tools are these? Tools costing $500 or more would be recognized as capital under Class 8 in Capital Cost Allowance (CCA). Smaller tools costing less than $500, with a limited life, are expensed as supplies or as other expenses.

     

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