Common Classes Flashcards
What is the class for the following?
Most buildings or other structures, including component parts such as electrical wiring and fixtures, plumbing, heating and central air conditioning. acquired after 1987
Class 1 (4%)
What is the class for the following?
New (not resale) manufacturing buildings used at least 90% (sq. feet) for manufacturing and processing purposes, acquired on or after March 19, 2007
Class 1-MB (10%)
- each building added to this class is put in its own separate class
What is the class for the following?
Non-residential buildings acquired on or after March 19, 2007.
Class 1-NRB (6%)
- each building added to this class is put in its own separate class
What is the class for the following?
Misc. tangible capital property such as furniture, fixtures, and outdoor advertising signs, and machinery or equipment, such as photocopiers, refrigeration equipment, telephones, and tools costing $500 or more, not included in another class.
Class 8 (20%)
What is the class for the following?
Automotive equipment, such as automobiles (except taxis and those used in a daily rental business), vans, trucks, tractors, wagons and trailers, and general-purpose electronic data processing equipment with its systems software acquired before March 23, 2004
Class 10 (30%)
What is the class for the following?
A passenger vehicle with a cost in excess of the prescribed limit (i.e., $30,000 if acquired after 2000)
Class 10.1 (30%)
- each vehicle added to this class is put in its own separate class
What is the class for the following?
- Tools, instruments, and kitchen utensils costing less than $500;
- linen, uniforms, dies, jigs, or moulds;
- rental video cassettes;
- computer application software
Class 12 (100%)
What is the class for the following?
Leasehold interest
Class 13
What is the class for the following?
Patent, franchise, concession or licence for a limited period
Class 14
What is the class for the following?
Roads, parking lots, sidewalks, airplane runways, storage areas, or similar surface construction.
Class 17 (8%)
What is the class for the following?
Property that is machinery and equipment used in manufacturing or processing, acquired after March 18, 2007 and before 2014, that would otherwise be included in Class 43.
Class 29 (50%)
- The CCA rate in the year of acquisition is 50%, on a straight-line basis, but the half-year rule applies.
- For acquisitions after 2013, this property will be included in Class 43, with its 30% declining balance rate
What is the class for the following?
Manufacturing and processing machinery and equipment acquired between February 26, 1992 and March 18, 2007, inclusive, and after 2013
Class 43 (30%)
What is the class for the following?
Patents and rights to use patented information acquired after April 26, 1993 for a limited or unlimited period
Class 44 (25%)
- Taxpayers may elect not to use Class 44 for such patents, in which case the property will be classified in Class 14.
What is the class for the following?
General-purpose electronic data processing and ancillary equipment, and systems software acquired after March 22, 2004, and before March 19, 2007.
Class 45 (45%)
What is the class for the following?
General-purpose electronic data processing equipment and systems software for equipment that would otherwise qualify for Class 45 acquired after March 18, 2007.
Class 50 (55%)
