CCA CLASSES

Class 1

• buildings

• non-res buildings → bump up 6% (total 10%)

  • new purpose built res. rental house

• other eligible non-res buildings → bump up 2% (total 6%)

  • not new

Class 3

• buildings before 1988

Class 6

• Frame, log, galvanized iron, corrugated metal buildings

• fences, greenhouses

Class 8

• property used in business not included in another class

• data network infrastructure equip.

  • and systems software for that equip

• acquired before 2004

Class 10

• computer hardware and systems sofware

  • acq. before or after 2004

• motor vehicles and some passenger vehicles

Class 10.1

• passenger vehicle not included in Class 10

Class 12

• tools, medical or dental instrumentts, kitchen utensils that cost less than $500

• acq. after 2006

Class 13

• leasehold interest

• CCA on a leasehold interest

• max. rate depends on lease terms

Class 14

• patents, franchises, concessions, licenses for a limited period

• CCA is lesser of:

  • total Cap Cost of each property spread out over the life of the property

  • UCC to the taxpayer

Class 14.1

• goodwill

• farming → milk and eggs quotas

• business, profession and fishing → franchises, concessions, licenses for an unlimited period

• acquired after 2016

Class 17

• roads

• parking lots

• sidewalks

• airplane runways

• storage areas

• or similar surface construction ^^

• telephone, telegraph, non-electric data communication switching equip

Class 43

• machinery and equip used to manufacture and process goods for sale or lease

• not included in 29 or 53

Class 43.1

• clean energy generation and energy conservation equip

• electric vehicle charging stations

• property that uses fossil fuels and is avail. for use after 2024 is excluded

Class 43.2

• clean energy generation and energy conservation equip after 2005 and before 2025

• property that uses fossil fuels and is avail. for use after 2024 is excluded

Class 44

• patents or licenses to use patents for a limited or unlimited period

• acq after 1993

Class 50

• general purpose computer hardware and systems software for that hardware

• includes ancillary data-processing equip acq. after 2007

• first year deduction applies for addition of property acq. after Apr. 15 2024

  • becomes avail for use before 2027

Class 53

• machinery and equip acq. after 2015 and before 2026

• used mainly to manufacture and process goods for sale or lease

• my benefit from enhanced first year CCA

Class 54

• zero emission vehicles acq. after 2019

• may be eligible for first year enhanced CCA deduction

• has caps as to how much you can deduct

Class 54 - AccII Cap If Acq. Before 2022

• $55,000 Cap

Class 54 - AccII Cap If Acq. In 2022

• $59,000 Cap

Class 54 - AccII Cap If Acq. After 2022

• $61,000 Cap

Class 55

• zero emission vehicle acq. after 2019

• may be eligible for first year enhanced CCA deduction

Class 56

• zero emission automotive equipment and vehicles (other than motor vehicles)

• must be acq. after Mar. 2020 and become avail. for use in 2028 to get AccII

Class 46 (AccII)

• data network infrastructure equipment and systems software for that equip acq. after March 2004

• if acq. before 2004, include in Class 8 instead

• 100% first year deduction applies for new additions of property acq. after 2024