October 2023

Check out our Q4 2023 edition of Tax Tips and Traps. Click on the image below to download:

For income tax purposes, the cost of eligible property can be deducted over time by claiming Capital Cost Allowance (CCA).  Immediate Expensing of Certain Capital Assets Included in Budget 2021 was the proposal for new immediate expensing rules, allowing eligible taxpayers to immediately expense up to $1.5 million of capital asset additions amongst their associated