I have two assets that belong in class 8.
One asset I wish to claim CCA on & the other not.
(The asset that I wish not to claim CCA on, I feel will retain its value & if CCA is claimed now it will create a recapture in the future)
Both assets are worth $10,000.00 each
I read in class 8 you can elect to have assets in separate classes.
To make an election, attach a letter to your income tax return for the tax year in which you acquired the property.
I cannot locate this election - can someone shed some light?
Alternatively, I can keep both the assets in class 8 & only account for CCA on one.
e.g. $10,000.00 * 1/2(half yr rule) * 0.2 (cca rate)
However, maybe it’s not a good idea to mix assets I wish to depreciate with one’s I do not want to depreciate (if the value is above $1,000)