Hopefully simple questions regarding Canadian tax laws: I hope to soon purchase a new laptop and/or PC (on which I admit much surfing and gaming will occur) that at some point will be used for researching various programming languages, and probably compile some code for work. This seems to make it qualify for “tax depreciation” according to this site, something which I don’t really understand. What does this mean?
Perhaps more easily, while I did tool around today looking for a place to buy/rent, my car more usually ends up travelling 64km/day to and from work, costing me about 150$/mo. Can this figure in any way in to my taxes?
My usual involvement in taxes involves me overseeing the installation of QuickTax by my former banker/bankruptcy agent father (who I’ve already asked w/o result), so if you can avoid words like “remuneration” and “dividend”, that’d be nice. Feel free to use “null pointer exception”, “ACID transaction” or “IP masquerading” though.
And if you wanna post U.S. specific info, go ahead - I’m sure someone will find it useful.
Oh, note I will be accepting replies from only government accredited tax experts, and shall apply all suggestions without checking, so make sure they’re right or I’ll sue.