Capital cost allowance (CCA) is a business expense that is used to reduce business income over time. It represents the cost of depreciating property that cannot be written off all in one year.

The 2009 budget replaced the CCA rate for investments in machinery and equipment acquired in 2010 and 2011 from 50% on a declining basis to a straight-line basis which results in depreciating these eligible assets at a quicker rate. The half-year rule, which restricts the CCA deduction to one-half the normal CCA rate in the year the assets are first available, will apply to this measure.

In addition, the 2009 budget proposes a temporary 100% CCA rate for eligible computers and software acquired after January 27, 2009 and before February 2011. The 100% CCA will not be subject to the half-year rule. As a result, business owners will be entitled to deduct the full cost of computers and software purchases between January 27, 2009 and February 2011. This makes it a great time to upgrade your computer systems.

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