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March 6, 2024
Question

If self employed can you claim an I phone or home security system nder capital cost allowance?

  • March 6, 2024
  • 1 reply
  • 0 views
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    1 reply

    TurboTaxSusan
    March 6, 2024

    Yes. The iPhone can go in Class 50 with a CCA rate of 55%. For the security system, you can use Class 8 with a CCA rate of 20% which includes property that is not included in another class.

    durkeemkAuthor
    March 9, 2024

    Thank you. That answered my question.