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H
hoomaan-ta
March 31, 2024
Question

I have purchased a desktop computer that I use (100%) for my digital marketing business mainly for data storage and manipulation. Is it eligible for DIEP 100%?

  • March 31, 2024
  • 1 reply
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Just wondering if I can deduct %100 of it during the first year (in Quebec), thank you very much in advance.

    1 reply

    M
    Moussi2
    March 31, 2024

    Yes to calculate the capital cost allowance (CCA) on your depreciable properties,  you can use the Form T2125, Statement of Business or Professional Activities

     

    Class 10 with a CCA rate of 30% includes general-purpose electronic data processing equipment (commonly called computer hardware) and systems software for that equipment, including ancillary data processing equipment, if you acquired them either:

    • before March 23, 2004
    • after March 22, 2004, and before 2005, and you made an election

    We hope this answer your question. Thank you for choosing TurboTax.

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