Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    jolenealitax
    New Member

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

    Write off equipment
    posted
    ‎May 1, 2023 10:27 PM
    last updated ‎May 01, 2023 10:27 PM
    0
    1
    212
    Reply
    1 Reply
    TurboTaxSusan
    Moderator
    Moderator

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

    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-partners...

     

     

    ‎May 4, 2023 8:23 AM
    0
    191
    Reply

    Related Content

    anjay-s
    Glenjanr
    dr_c_brownstein
    vandev-primus-ca
    angelotaxer