iDRY Vacuum Kilns


CCA question for Canadian millers

Started by MattM, September 17, 2023, 10:15:57 AM

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For tax purposes what Capital Cost Allowance class does your portable sawmill fall under? I don't mill lumber to sell I just do portable milling of other people's logs. I'm thinking its class 43 or 53, but the wording they use for some of the classes is bloody vague  ???


I leave that to my accountant. I would pick the most advantageous to me and let the CRA tell me it's the other one. As long as you're willing the pay the difference it is acceptable. 
IDRY Vacum Kiln, LT40HDWide, BMS250 sharpener/setter 742b Bobcat, TCM forklift, Sthil 026,038, 461. 1952 TEA Fergusan Tractor


They both allow the same deduction. I would just like to know the proper category to get everything straightened away for next year. I definitely don't want the CRA to end up telling me which one it is, I would rather get it right the first time rather than get audited and pay the govt more money than I already do  :-X


Ya, you don't want to open that can of worms...
Change is hard....
Especially when a jar full of it falls off the top shelf and hits your head!

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