The Federal government announced a new Accelerated Investment Incentive in their Fall 2018 Economic Statement. It will allow equipment purchased after November 20, 2018 to be depreciated for tax purposes, at an accelerated rate. Normally in the year that equipment is acquired, only half of its value is available for capital cost allowance (CCA). Under the new proposal this “half year rule” will not apply and the value of the acquisition will be increased by 50%. Continue reading “New Accelerated Investment Incentive for Equipment Purchases”
Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.