CCA Classes

Question 1

Class 1

Answer 1

Buildings - 4%

• Non-residential buildings - 6%
• Manufacturing and processing facilities - 10%
• only applies if separate class election is made on building

Question 2

Class 8

Answer 2

Furniture, fixtures and office equipment - 20%

Question 3

Class 10

Answer 3

Passenger vehicles costing up to $30,000, delivery vans, other vehicles

Question 4

Class 10.1

Answer 4

Passenger vehicles > $30,000

Question 5

Class 12

Answer 5

Tools under $500 (no half-yr rules applies) - 100%

applications software (half-yr rule applies) - 100%

Question 6

Class 14.1

Answer 6

Intangible capital assets, incorporation costs in excess of $3,000 - 5%

Question 7

Class 50

Answer 7

computer hardware and systems software - 55%

Question 8

Class 53

Answer 8

Manufacturing and processing equipment - 50%

Question 9

Class 13

Answer 9

Leasehold improvements (1/2 yr rule applies in yr of acquisition)

Cost divided by lessor of:

1. 5 yrs (SL)
2. Lease term + 1st renewal (SL)

Question 10

Class 14

Answer 10

Limited life intangibles

SL over legal life