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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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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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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

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