Depreciable property

Depreciable property is the property on which you can claim Capital cost allowance (CCA). It is usually capital property used to earn income from a business or property. The capital cost can be written off as CCA over a number of years.

You usually group depreciable properties into classes. For example, diggers, drills, and tools acquired after May 1, 2006, that cost $500 or more belong in Class 8. You have to base your CCA claim on the rate assigned to each class of property.

How to calculate Capital Cost Allowance (CCA) – an example

Comparison of CCA class 10 and class 10.1 vehicles

 

Additional information