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marlys-friesen
marlys-friesen
New Member
posted
‎October 31, 2019 11:10 AM
last updated ‎October 31, 2019 11:10 AM

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?

 
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fuzzy
fuzzy
New Member
‎October 31, 2019 11:10 AM

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

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fuzzy
fuzzy
New Member
‎October 31, 2019 11:10 AM

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

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