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100% Depreciation on Computer Equipment & Software for 2009/2010

July 28th, 2010

To encourage investment by businesses in computer systems and related peripherals, the Income Tax Regulations were amended on May 13, 2009 to add new Class 52 to Schedule II with a 100-per-cent tax depreciation rate for eligible computers and software acquired after January 27, 2009 and before February 2011.

Visit the CRA web site for more information.

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Posted by: NALH Bookkeeping Services
Categories: Newsletter Articles,Tax News
Tagged In: Canada Revenue Agency, computer equipment, CRA, depreciation, software

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