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New Member
posted Oct 31, 2019 11:10:21 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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New Member
Oct 31, 2019 11:10:22 AM

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 Replies
New Member
Oct 31, 2019 11:10:22 AM

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