Through Canada's Economic Action Plan, the federal government is providing a temporary 100% capital cost allowance (CCA) rate on new computer hardware and systems software acquired after January 27, 2009, and before February 1, 2011. This new temporary CCA rate allows businesses to fully deduct the cost of eligible computers in just one year.
New general-purpose electronic data processing equipment and systems software that are acquired by a taxpayer for use in a business in Canada are eligible. This includes ancillary data processing equipment and systems software.
To learn more, visit the Department of Finance Canada website.
Monday, December 21, 2009
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