I rent out 25% of my home. I bought a new heat pump for 20K. Do I claim 5K on CCA?
Can someone confirm the code for heat pump depreciation?
Yes, you should pro-rate the cost of the asset if only part of it is being rented. If you are taking CCA on the whole house, then you would enter it in the same class as the house. If not, you can enter the heat pump as a Class 1 asset.
Tim P
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taxguii
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