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New Member
posted May 1, 2023 10:27:12 PM

I bought a large peice of equipment for my business How do I write it off?

Write off equipment

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1 Replies
Moderator
May 4, 2023 8:23:18 AM

You can't "write it off". You need to take CCA on it. You would enter it as an addition. You can find the class on the CRA's website: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/classes.html