I don’t want to beat this to death, but what is the best way to expense, depreciate, CCA etc. contractor equipment such as generators, commercial paint sprayers, scaffolding etc.? All items valued at $750-$2,000. To me these would not be day to day tools.
Thanks and have a great weekend.
Class 8 (20%)
Class 8 with a CCA rate of 20% includes certain property that is not included in another class. Examples are furniture, appliances, and tools costing $500 or more per tool, some fixtures, machinery, outdoor advertising signs, refrigeration equipment, and other equipment you use in the business.
Thank you. I looked and looked and tried word searches and I couldn’t find anything.
Thank you so much, greatly appreciated.