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New Member
posted Aug 4, 2022 3:17:27 PM

What asset class do hairstyling tools fall into?

I have some expensive professional blowdryers and hot tools. what asset class do i choose?

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1 Replies
Level 15
Aug 10, 2022 6:58:36 AM

Class 12 is for small tools, which is where your tools would fit in.

As per CRA: Class 12 includes property such as tools, medical or dental instruments, and kitchen utensils that cost less than $500 and were acquired on or after May 2, 2006.

 

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