Computers and Capital Cost Allowance for Canada

Here’s a bit of info for the Canadian IT sector: In the new budget the Capital Cost Allowance for computer hardware has been temporarily increased to 100% (from 50%). This allows businesses to write-off 100% of the cost of computer hardware purchased between Jan 27th 2009 and Feb 1st 2011.

What does this mean for IT departments? Tough to say – it depends on the performance of the business itself to justify whether there are any tangible savings – there are many businesses that pay little or no tax already.

For those consultants with small businesses on their client list – you may wish to remind them of this development. It may allow them to increase their IT spending.

Read more here:

Canada’s Economic Action Plan – Budget 2009

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