Investing in equipment just got a whole lot easier
In November 2018, Canada increased tax incentives for equipment purchases. In response to corporate tax changes in the US, the Canadian government introduced an update to their tax depreciation rules regarding Capital Cost Allowance, called the Accelerated Investment Incentive. This is great news as it frees up cash flow for business owners who are eligible to claim a larger tax deduction in the first year.
To learn if your business qualifies, speak with a tax professional.