Your Answer
print

Where can I find definitions and depreciation rates for Capital Cost Allowance classes?

The following chart is a partial list and description of the most common capital cost allowance (CCA) classes. You will find a complete list in Schedule II of the Income Tax Regulations.

 

List of CCA rates and classes

Class number

Description

 CCA rate

1

Most buildings made of brick, stone, or cement acquired after 1987, including their component parts such as electric wiring, lighting fixtures, plumbing, heating and cooling equipment, elevators, and escalators.

4%

3

Most buildings made of brick, stone, or cement acquired before 1988, including their component parts as listed in class 1 above.

5%

6

Buildings made of frame, log, stucco on frame, galvanized iron, or corrugated metal that are used in the business of farming or fishing, or that have no footings below-ground; fences and most greenhouses.

10%

7

Canoes, boats, and most other vessels, including their furniture, fittings, or equipment.

15%

8

Property that is not included in any other class such as furniture, calculators and cash registers (that do not record multiple sales taxes), photocopy and fax machines, printers, display fixtures, refrigeration equipment, machinery, tools costing $200 or more, and outdoor advertising billboards and greenhouses with rigid frames and plastic covers.

20%

9

Aircraft, including furniture, fittings, or equipment attached, and their spare parts.

25%

10

Automobiles (except taxis and others used for lease or rent), vans, wagons, trucks, buses, tractors, trailers, drive-in theatres, general-purpose electronic data-processing equipment (e.g., personal computers) and systems software, and timber-cutting and removing equipment.

30%

10.1

Passenger vehicles costing more than $30,000 if acquired after 2000.

30%

12

Chinaware, cutlery, linen, uniforms, dies, jigs, moulds or lasts, computer software (except systems software), cutting or shaping parts of a machine, certain property used for earning rental income such as apparel or costumes, and videotape cassettes; certain property costing less than $200 such as kitchen utensils, tools, and medical or dental equipment.

100%

13

Property that is leasehold interest (the maximum CCA rate depends on the type of leasehold and the terms of the lease).

N/A

14

Patents, franchises, concessions, and licences for a limited period – the CCA is limited to whichever is less:

  • the capital cost of the property spread out over the life of the property; or
  • the undepreciated capital cost of the property at the end of the taxation year.

Class 14 also includes patents, and licences to use patents for a limited period, that you elect not to include in class 44.

N/A

16

Automobiles for lease or rent, taxicabs, and coin-operated video games or pinball machines; certain tractors and large trucks acquired after December 6, 1991, that are used to haul freight and that weigh more than 11,788 kilograms

40%

17

Roads, sidewalks, parking-lot or storage areas, telephone, telegraph, or non-electronic data communication switching equipment.

8%

38

Most power-operated movable equipment acquired after 1987 used for moving, excavating, placing, or compacting earth, rock, concrete, or asphalt.

30%

39

Machinery and equipment acquired after 1987 that is used in Canada primarily to manufacture and process goods for sale or lease.

25%

43

Manufacturing and processing machinery and equipment acquired after February 25, 1992, described in class 39 above.

30%

44

Patents and licences to use patents for a limited or unlimited period that the corporation acquired after April 26, 1993 - However, you can elect not to include such property in class 44 by attaching a letter to the return for the year the corporation acquired the property. In the letter, indicate the property you do not want to include in class 44.

25%

45

Computer equipment that is “general-purpose electronic data processing equipment and system software” included in paragraph f of class 10 acquired after March 22, 2004.

45%

46

Data network infrastructure equipment that supports advanced telecommunication applications, acquired after March 22, 2004 - It includes assets such as switches, multiplexers, routers, hubs, modems and domain name servers that are used to control, transfer, modulate and direct data, but does not include office equipment such as telephones, cell phones or fax machines, or property such as wires, cables or structures.

30%

 




Bookmark and Share

 

ProFile Training
Learn to do more

How to Install Profile
Learn to do more

Trouble printing after updating the FX module
Recent changes and how to Print

Data Import 
Learn what to do

EFILE Failed Status
Learn what to do

Create a Batch EFILE Report
Learn what to do

QuickBooks ProAdvisor Program
Help build your practice with this program designed for accounting professionals

Document Library
Browse the library for guides, templates and a downloadable SDK

ProFile Training
Sign up for webinars, view videos, and access self-paced training.

Known Issues
Known issues in the latest ProFile relase

Did this article help you?
Your Feedback
Cancel Submit