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eric_sladic
New Member

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

 
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Shane27
Level 3

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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