GFM Network News


If you’ve bought equipment available to use after November 20, 2018 and before the year 2024, you can write off three times the normal tax deduction under new federal rules.

Tax change: Depreciable purchases written-off faster

For farmers and agribusinesses the new measures will provide a larger tax write-off sooner

This past fall the federal government introduced the Accelerated Investment Incentive, giving Canadian businesses the ability to write off capital expenditures faster. Encased in its 2018 Fall Economic Statement, this incentive allows farmers and other businesses more depreciation in the year an asset is purchased … a lot more. The idea is to spur business […] Read more