Computer and other equipment leasing costs
You may lease:
- computers
- cellular telephones
- fax machines
- other equipment
If so, you can deduct the percentage of the lease costs that reasonably relates to earning your business income. You can also deduct the percentage of air-time expenses for a cellular telephone that reasonably relates to earning your self-employment income.
If you buy a computer, cellular telephone, fax machine, or other such equipment, you cannot deduct the cost. You can deduct capital cost allowance and interest you paid on money you borrowed to buy this equipment that reasonably relates to earning your business income.