Tax breaks on computer equipment for businesses
Posted October 28, 2010 12:13 pm.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – The Canada Revenue Agency is giving business owners a tax break on computer equipment.
The computer capital cost allowance has been raised to 100 per cent, up from 55, for equipment purchased between January 27th 2009, and February 2011.
The half-year rule has also been scrapped temporarily. It means you can claim a full write-off in the first tax year that CCA deductions are available.