ZEV tax write offs for businesses

The Canadian government has proposed expanding tax support for business investments in zero-emission vehicles, including those powered by hydrogen. This includes creating a new Class 56 for eligible zero-emission automotive equipment and vehicles, which must be fully electric or hydrogen-powered. The enhanced first-year capital cost allowance (CCA) rate of 100% will apply to these vehicles and equipment acquired on or after March 2, 2020, and available for use before 2028.

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