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May 1, 2022
Question

How do i claim 2 hard drives for my business?

  • May 1, 2022
  • 1 reply
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    1 reply

    May 2, 2022

    You may claim hard drives as Office Expense. It is not substantial enough to be assigned a CCA class, therefore it can be applied as office supplies. To do this on TurboTax Online:

     

    > Sign in and choose your tax return for the year,

    > On the left navigation pane, choose Income, Self-Employment, then Business or Professional Activities

    > You will click Edit on the right of the business in question

    > Choose business expenses; you will be provided with a guide of what expenses you are to report. You may report them or simply click Continue until you reach Office Expenses

    > And from here you may report your 2 hard drives as a business expense.

     

    Make sure to hit Continue so that your information is saved.

    For more information, check out: Canada Revenue Agency (CRA) - Business Expenses

     

    Thank you for choosing TurboTax.