I spent $500 on a new desk for my home office. Do I have to capitalize this expense?

[trix2003]

What is the minimum limit for capitalizing an expense?

[Shane27]

As per the Canada Revenue Agency (CRA), furniture costing $500 or more will be capitalized under the Class 8 Capital Cost Allowance (CCA).

For more information, please read this CRA page - Capital cost allowance (CCA) classes 

Thank you for choosing TurboTax.

[Shane27]

As per the Canada Revenue Agency (CRA), furniture costing $500 or more will be capitalized under the Class 8 Capital Cost Allowance (CCA).

[Shane27]

For more information, please read this CRA page - Capital cost allowance (CCA) classes 

[Shane27]

Thank you for choosing TurboTax.