I have a computer and an ipad I purchased for a business that has not yet earned revenue. How/Where do I enter in these office expenses? Thanks.

[Delphision · Accepted solution]

If this is a sole proprietorship, you would answer yes to self-employment, which would trigger the T2125.  You can enter the computer as an asset if it over $500.  I would not add the iPad as an asset simply because the life expectancy is not of any great length.

While you can enter them, and fill in the details of your business, any start up costs, you will not be able to deduct CCA or the expenses until you have revenue enough to do so.  You will just have a carry forward.

[shaunchap]

Thanks for the detailed response.

[Delphision]

Glad to help.:-)