No reason NOT to get a new computer this year.

Only in Canada ‘eh? Pity!

The recently announced Cana­dian Budget seems to have a dir­ect boon to me. I wasn’t expect­ing it. I was expect­ing more of the same gen­eral eco­nomic stim­u­lus pack­ages, etc. But here’s some­thing that applies to me directly.

Tem­por­ary 100-Per-Cent Cap­ital Cost Allow­ance Rate for Computers

In light of the eco­nomic slow­down, Budget 2009 pro­poses a two-year 100-per-cent CCA rate for com­puters acquired after Janu­ary 27, 2009 and before Feb­ru­ary 1, 2011. This will allow busi­nesses to fully expense their invest­ment in com­puters in one year. Busi­nesses in all sec­tors of the eco­nomy, includ­ing the ser­vice sec­tor, will bene­fit from this ini­ti­at­ive, which will con­trib­ute to boost­ing Canada’s pro­ductiv­ity through the faster adop­tion of newer technology.

Obvi­ously I’d need to see the details regard­ing what kind of equip­ment would be covered. For example:

• what about com­puter sup­port equip­ment (net­work routers, print­ers, etc)
• what are the lim­its and qualifications?
• do you have to be a registered com­pany to bene­fit or does it apply to sole proprietorships?

A few details need to be craf­ted, but this could be an inter­est­ing time in the Tech sec­tor, espe­cially in Tech retail! I’ll be watch­ing this rather closely…stay tuned!

Related posts:

1. How Cana­dians save money when buy­ing books through Amazon.com
2. This is the week that was
3. Still won­der­ing why people fol­low me on Twitter
4. One year of OpenDNS
5. How to eas­ily install essen­tial applic­a­tions on a new Win­dows 7 computer

Tagged as: budget 2009, Business, Canada, computer, consumer, Economy, income, income tax, tax