Editing Book Keeping Task/Depreciation
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Uniforms (e.g. SAR hats and shirts) are technically considered Fixed Assets (capital cost allowance class 12). | Uniforms (e.g. SAR hats and shirts) are technically considered Fixed Assets (capital cost allowance class 12). | ||
But they are depreciated 100% in the first year -- with no half-year rule applying. | But they are depreciated 100% in the first year -- with no half-year rule applying. | ||
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So they can be treated as supplies. | So they can be treated as supplies. | ||
([https://www.taxtips.ca/smallbusiness/businessexpenses.htm taxtips.ca], {{link|Image:Members:2020-02-23 TaxTips.ca re uniforms.pdf|cached}}) | ([https://www.taxtips.ca/smallbusiness/businessexpenses.htm taxtips.ca], {{link|Image:Members:2020-02-23 TaxTips.ca re uniforms.pdf|cached}}) |