Classes of depreciable property
Classes of depreciable property
Generally, you must group all depreciable property of the
same class together. Then, calculate CCA on the undepreciated
capital cost of all the property in that class.
However, sometimes you must to maintain a separate record
for each property in the same class. For example, list on a
separate line each class 10.1 passenger vehicle.
Note: The program can limit the number of entries
for the same category.
For more information on the main categories of depreciable
properties, please visit the following link:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/classes-depreciable-property.html
ID: 20191025152926NIXX.xml
Webpage: KPA320-20191025152926NI.htm
