Previously introduced Accelerated investment incentive is in phase out period,
in 2024 to 2025, CCA can still be claim at the full rate without half-year rule in the year of acquisition. Class 43.1, 54, 55 and 56 can
be claimed at 75% against the maximum allowed costs.
Under proposed legislation, if you acquired property in class 43.1, 44, 46, 50, 54, 55 and 56,
you can again write off the full allowable costs in the first year. The law might finally pass or never pass. We (and the CRA) would allow
this claim at tax filing time. If you take full advantage of it, be prepared to make adjustment if the law failed to pass - though it is
unlikely.
