capital allowances

Should Fire Alarm Be Capitalized?

by

Should Fire Alarm Be Capitalized? Generally, the costs of commercial-use security, fire protection and alarm systems are capitalized and depreciated over a recovery period of five, seven, 15 or 39 years, dependent on factors such as the type of system purchased, the integration within a building structure, whether the installation involves owned or … Is

Can I Deduct My Bicycle On Taxes?

by

Can I Deduct My Bicycle On Taxes? A 15% refundable consumer tax credit on the purchase of a qualifying new electric bicycle with a max credit of $750/bike, including phased restrictions on higher-income earners. How do you write off a bike? You could claim it as a work-related expense if you bought the bicycle specifically