Capital cost allowance

Determines the deductions that a business may claim each year for income tax purposes in respect of the capital cost of its depreciable property. The Government of Canada introduced a temporary enhanced first-year CCA rate for eligible ZEVs which expands tax support for business investment. Small business owners can write off 55%–100% (depending on the year) of the purchase price of the eligible ZEV, including freight trucks that are rated higher than 11,788 kilograms

Want to know more about this policy ? Learn more