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April 8, 2022
Question

What CCA class is a Square POS Terminal?

  • April 8, 2022
  • 1 reply
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What CCA class is for POS terminals?

    1 reply

    April 8, 2022

    As per the Canada Revenue Agency (CRA): The use of class 45, 50, and 52 for general-purpose electronic data processing equipment and systems software for that equipment, including ancillary data processing equipment can be done depending upon the date and situation if: 

    For class 45:  Capital cost allowance (CCA) rate of 45% if you acquired them after March 22, 2004, and before March 19, 2007.

    For class 50: Include in Class 50 a Capital cost allowance (CCA) rate of 55% property acquired after March 18, 2007

    For class 52: Include in Class 52 with a Capital cost allowance (CCA) rate of 100% (with no half-year rule) if they were acquired after January 27, 2009, and before February 2011.

     

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