Buy a laptop, a vehicle, a tool? LQID files it in the correct CCA class, applies the half-year rule, and rolls the deduction into your books every year — no spreadsheets, no guesswork.
Add what you bought — LQID handles the class, the rate, and the rules.
Enter what you bought and LQID assigns the correct CCA class automatically — laptops, vehicles, tools, equipment.
Every CCA class built inIn the year you buy, the CRA only lets you claim half the normal CCA. LQID applies it for you so the deduction is correct.
Half-year rule in year 1The CCA deduction posts to your books and your T2125 — lowering your tax like any other expense, automatically.
Posts to your T2125LQID tracks the undepreciated balance (UCC) and calculates next year's CCA for you — year after year, no resetting up.
UCC tracked year over yearExport your asset register anytime, in formats any accountant or other software can read. No lock-in — stored in Canada.
All the CRA classes and rates, with the half-year rule and vehicle caps applied for you.
CCA figures are estimates to guide you — always verify with your accountant before you file.
Capital Cost Allowance — how the CRA lets you deduct big purchases gradually over several years instead of all at once.
Yes — pick what you bought and LQID assigns the correct CCA class and rate for you.
In the year you buy an asset, you can usually only claim half the normal CCA. LQID applies it automatically.
Yes — passenger vehicles fall under Class 10.1 and are capped at the CRA limit. LQID applies the cap for you.