Equipment
Can I write off Musical Instruments in Canada?
YES (CCA CLASS 8)
Explanation
If you earn income as a musician, instruments are capital assets (CCA Class 8 at 20%). For employees, you may be able to claim the cost of an instrument if your employer requires it and signs a T2200 form.
💡 Pro Tip
Get your instrument appraised for insurance purposes anyway—it also serves as documentation of fair market value for your records.