Good question. I had to look this one up, not ever having had a client with a trademark asset. There are two ways of handling this. When the trademark is purchased from another person or business, it is treated as what were formally known as eligible capital expenditures the same as goodwill, marketing board quotas, and so forth. If that were the situation, then it would be included in the new (as of 2017) CCA class 14.1.
Where the taxpayer has incurred the cost of registering a trademark "to protect a trade name, design, or product" he can claim this as a full expense against business income. In other words, not having to spread the cost over multiple years under the CCA rules
People come to ProFile for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:
Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.