2011 Federal Budget—Capital Cost Allowance—Clean Energy Generation Equipment

The federal Budget tabled on June 6, 2011 included no changes to the income tax measures originally announced in the Budget on March 22, 2011.

The Budget proposes to expand Class 43.2 to include equipment that generates electricity using waste heat. Capital cost allowance in respect of assets that are described in Class 43.2 may be claimed on a 50% declining balance basis.




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