Posts Tagged half-year rule

Accelerated Capital Cost Allowance for Manufacturing and Processing Equipment

To further stimulate the manufacturing sector, the 2011 federal budget proposed to extend applicability of the 50% straight-line method (this temporary incentive was in place from March 18, 2007 to the end of 2011) to acquisitions made in 2012 and 2013. With the continued application ...

Comments Off on Accelerated Capital Cost Allowance for Manufacturing and Processing Equipment   |   Posted in Financial Planning for Business Owners,Tax Planning November 28, 2011

Take Advantage of Increased Tax Write-Offs for Computer, Machinery and Equipment Purchases

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 ...

Comments Off on Take Advantage of Increased Tax Write-Offs for Computer, Machinery and Equipment Purchases   |   Posted in Financial Planning for Business Owners,Tax Planning December 06, 2009