From what I know Anything under $500 or which does not have substantial value beyond one year can be safely expensed as office expense, repairs & maintenance, etc. In the year they are incurred. ### Half-year rule - On initial year of purchase, you can only claim 50% ### Work vs private - Total purchase based on how much of it is used for work (ex. a computer might be used for 50% work and 50% personal) ### Accelerated Investment Incentive - [Link](https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/accelerated-investment-incentive.html) - With AII you no longer need to follow the half-year rule - Instead, you can multiply CCA by 1.5x for products purchased in same year - ex) Class 50 of 55% becomes 82.5% in the year of purchase, and 12.5% the next year ### Classes - Class 12 - Software subscriptions - Other tools that are cheap? - Computer software that aren’t system software, office supplies, computer accessories essential for content creation, camera, microphones, tools used for video production, etc. Also software subscriptions - Class 50 - 55% - Electronics - General-purpose electronic data processing equipment. Ex. Softwares specifically designed for automatic data processing tasks, supports the functioning data processing systems, systems that manage computer hardware resources. Also equipment for video editing in your case, etc. i am creating a google sheet column for calculating my canada cca tax rate. it takes two elements, the type of class (ex. class 12, class 50), and the year it is (1, 2), and based on the combos of those returns different values here are the values: