Are you thinking about investing in your business? Learn how the new tax incentives will make it easier!
The changes will affect the Capital Cost Allowance and will allow your business to write off a larger share of costs in the year an investment is made. These incentives apply to property and equipment acquired after November 20, 2018 and will be phased out starting in 2023.
CFIB fought hard for these measures to allow your business to make new investments that will help you innovate, grow and create.
If you are considering investing in new buildings or equipment, here is what you need to know:
Any questions? Talk to your tax professional or call our business counsellors today.