Daily Archives: February 21, 2020

Accelerated Investment Incentive – How Can it Benefit You?

CRA has established a new rule for Capital Cost Allowance (CCA) called the Accelerated Investment Incentive. This new rule applies to property purchased after Nov. 20, 2018. CCA can be calculated on 1.5 times the value of the asset in the first year of purchase, thus creating a larger amortization expense for this first year.…