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swattley
August 4, 2022
Question

What asset class do hairstyling tools fall into?

  • August 4, 2022
  • 1 reply
  • 0 views
I have some expensive professional blowdryers and hot tools. what asset class do i choose?

    1 reply

    B
    BrendaW-US
    August 10, 2022

    Class 12 is for small tools, which is where your tools would fit in.

    As per CRA: Class 12 includes property such as tools, medical or dental instruments, and kitchen utensils that cost less than $500 and were acquired on or after May 2, 2006.

     

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