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!
Leave a Reply