- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
We have a rental suite in the basement of our house. Is something like snowblower and appliances, which depreciates year to year part of CCA? If so, what Class?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
We have a rental suite in the basement of our house. Is something like snowblower and appliances, which depreciates year to year part of CCA? If so, what Class?
Yes. These are considered class 8 assets; rate 20%. You may want to consider a personal element with regard to the snow blower. For more info please see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/cptl/dprcbl-eng.html#class8
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
We have a rental suite in the basement of our house. Is something like snowblower and appliances, which depreciates year to year part of CCA? If so, what Class?
Yes. These are considered class 8 assets; rate 20%. You may want to consider a personal element with regard to the snow blower. For more info please see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/cptl/dprcbl-eng.html#class8