Equipment Leasing Support
by Mebs Pirani
I am in a dilema. I have a customer who wants to lease high tech dental equipment.
I have suggested that the customer have the equipment portion on lease and the software portion on a loan to take advantage of the CCA write off.
My dilema is: what CCA class does the software portion of the high tech equipment fall under as per the CRA classification? Can the customer utilize class 52 (100%) write off which is available until January 31, 2011?
As far as I know, computer (operating) software
is classified under class 12. Only computer hardware and systems hardware can be classified under class 52.P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.