Photo by: Phil! Gold
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The 2009 Federal budget announced a temporary 100% Capital Cost Allowance (CCA) rate for computer equipment and systems software.
Computer equipment or systems software purchased after January 27, 2009 and before February 1, 2011 will be eligible for the 100% CCA rate, provided that the equipment and software would otherwise be included in Class 50 (55% write-off).
In addition, the equipment will not be subject to the half-year rule in the year of acquisition allowing for the full write-off in the year of acquisition.
So, if you’re contemplating upgrading some of your computer equipment, make sure you do it before the end of February 1, 2011.
