Accelerated CCA 2022

Posted by Timothy Ross on December 1, 2022 at 4:10pm

Good article on this topic, see the comment section for additional resources

https://fullerllp.com/blog/capital-cost-allowance-important-changes-and-updates/

BDO has a clearer layout of how this works

https://www.bdo.ca/en-ca/insights/tax/tax-articles/immediate-expensing-ccpcs/

CRA background

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance.html

cca, accelerated cca

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Comments

Timothy Ross December 1, 2022 at 5:00pm

https://turbotax.intuit.ca/tips/accelerated-investment-incentive-11289

Accelerated Investment Incentive | 2022 TurboTax® Canada Tips

The Canadian Accelerated Investment Incentive is a new set of rules for writing off business investments in depreciable property to reduce the taxes a
Timothy Ross December 1, 2022 at 4:55pm

https://www.country-guide.ca/guide-business/tax-change-depreciable-...

Tax change: Depreciable purchases written-off faster - Country Guide

This past fall the federal government introduced the Accelerated Investment Incentive, giving Canadian businesses the ability to write off capital
Timothy Ross December 1, 2022 at 4:53pm

https://www.fcc-fac.ca/en/knowledge/how-will-changes-in-depreciatio...

How will changes in depreciation rules impact you? | FCC

Make the most of your investments by purchasing capital assets sooner rather than later.
Timothy Ross December 1, 2022 at 4:53pm

https://fbc.ca/blog/capital-cost-allowance-farmers/

Capital Cost Allowance for Farmers

If you need to buy a major capital asset like a building, machinery or equipment to use in your farming business, consider buying it before the end o…
Timothy Ross December 1, 2022 at 4:27pm

https://www.eylaw.ca/en_ca/newsroom/2022/tax-alert-2022-no-30

EY Tax Alert 2022-30 - Temporary expansion of immediate expensing incentive

On 28 April 2022, Bill C-19, Budget Implementation Act, 2022, No. 1, received first reading in the House of Commons. Bill C-19 implements the measure…
Timothy Ross December 1, 2022 at 4:20pm

https://www.canada.ca/en/revenue-agency/services/tax/businesses/top...

Claiming capital cost allowance (CCA) - Canada.ca

Information for businesses and professional activities on how to claim CCA, classes of depreciable property, personal use of property, treatment of c…
Timothy Ross December 1, 2022 at 4:14pm

https://www.bdo.ca/en-ca/insights/tax/tax-articles/immediate-expens...
Timothy Ross December 1, 2022 at 4:13pm

https://fullerllp.com/blog/capital-cost-allowance-important-changes...

https://fullerllp.com/blog/capital-cost-allowance-important-changes-and-updates/
Timothy Ross December 1, 2022 at 4:13pm

https://www.eylaw.ca/en_ca/newsroom/2022/tax-alert-2022-no-30

EY Tax Alert 2022-30 - Temporary expansion of immediate expensing incentive

On 28 April 2022, Bill C-19, Budget Implementation Act, 2022, No. 1, received first reading in the House of Commons. Bill C-19 implements the measure…

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