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EC3
New Member

What cca class is a fence for rental property?

 
5 Replies

What cca class is a fence for rental property?

You can claim the maintenance of existing fences against the income you are reporting.  New fences are regarded as capital in nature and cannot be claimed as a current expense.  You will show this as a cost of additions and claim CCA if you choose to do so. 

Here is a list of CCA classes from the CRA : Capital cost allowance (CCA) classeshttps://bit.ly/2J37ORB

Here is a list of Current versus Capital expenses from the CRA: https://bit.ly/2NRhY4B

And from TurboTax if needed - How do I enter my rental income and expenses in TurboTax?https://turbotax.community.intuit.ca/replies/2647946


xkrz
Returning Member

What cca class is a fence for rental property?

Did you managed to figure out the class? Was it class 6?

What cca class is a fence for rental property?

Fence for a rental properties. 

You would claim it as class 3. 

Class 6- is for buildings.

 

Thank you for choosing TurboTax.

xkrz
Returning Member

What cca class is a fence for rental property?

@TurboTaxBrenda1  the rental building was build on 2018, so it don’t fit into class 3. Is class 3 still correct?

What cca class is a fence for rental property?

Please contact the CRA at 1-800-959-8281 so that they can direct  you.

 

Thank you for choosing TurboTax.