Yup,if you buy a computer before the end of the year, you will be able to start depreciating it for your 2007 income tax. For the computer, you will be able to deduct 1/2 x 45% of the cost of the computer the first year. They moved computers to class 45 a few years ago (for computers bought after 2004-03-22).
If the Blackberry costs at least $400, then you can put it in a separate class and deduct the full CCA (capital cost allowance - depreciation) the first year.
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timeasmymeasure
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Date: 2007-12-05 01:44 pm (UTC)I must go and get myself a new computer before my year end -- come tax time and I will be scrambling, looking for expenses!
Hmmm...wonder if I replace my 5+-year-old cellphone with a Blackberry, too??
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Date: 2007-12-05 09:15 pm (UTC)If the Blackberry costs at least $400, then you can put it in a separate class and deduct the full CCA (capital cost allowance - depreciation) the first year.