Path: utzoo!yunexus!maccs!cs3b3aj
From: cs3b3aj@maccs.McMaster.CA (Stephen M. Dunn)
Newsgroups: can.general
Subject: A question about computers and tax
Keywords: business, personal, RevCan
Message-ID: <2364@maccs.McMaster.CA>
Date: 7 Apr 89 16:32:33 GMT
Article-I.D.: maccs.2364
Reply-To: cs3b3aj@maccs.UUCP (Stephen M. Dunn)
Distribution: can
Organization: McMaster University, Hamilton, Ontario
Lines: 24


   A friend of mine is considering buying a Mac to be used partly for school
work and partly for his business (he is a semi-professional juggler).  The
question he would like answered has to do with taxation.  He wants to know
if he can write off part of the cost of the computer as a business expense
(and the same for depreciation).

   As far as I know, if he can determine (and be able to prove to Revenue
Canada, if requested) that he uses his computer for business purposes
(business correspondence, financial management, etc.) x% of the time, then
he can use x% of the buying price as a business expense and he can depreciate
x% of his computer in future years.  If this is true, what is the best way of
being able to prove this percentage?  If this is not true, then what are the
rules?

   If you like, you can mail me answers, but I think there are probably many
people on the net who would like to see, so maybe posting is better.

   advTHANXance.
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! Stephen M. Dunn, cs3b3aj@maccs.McMaster.CA ! DISCLAIMER:           !
! This space left unintentionally blank - vi ! I'm only an undergrad !
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