buksoComputers, equipment and furniture
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
Equipment that lasts more than a year is a capital asset. Its cost is not expensed in full but claimed over time as capital cost allowance (CCA) by class, e.g. Class 8 (20%) for furniture and equipment, Class 50 (55%) for computers, Class 12 (100%) for small tools. A half-year rule usually applies in the year you buy it.
Official source: canada.ca
United States
Equipment is usually depreciated. You can often expense it right away under the de minimis safe harbor (up to $2,500 per item or invoice) or by electing section 179 (2025 limit $2,500,000).
Official source: irs.gov