Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
Announcements
If you're using the CD/download version of TurboTax and getting a TT805 error, please read

this message

cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

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?

 
1 Best answer

Accepted Solutions
New Member

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

View solution in original post

1 Reply
New Member

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

View solution in original post