2009 Federal Budget: Temporary 100% Capital Cost Allowance Rate for Computers and Software
The Budget provides a temporary 100% CCA rate for eligible computers and software acquired after January 27, 2009, and before February 2011. Further, the “half-year rule” will not apply, allowing the taxpayer to fully deduct the cost of an eligible computer in the first year that the CCA deductions are available. In general, this special treatment is restricted to computers acquired for business uses. Various other restrictions also apply.