In its January 2009 budget, the federal government announced the creation of an incentive to provide for a 100% write-off in the year of acquisition for computer hardware and software acquired for business use. Qualifying assets are placed in a special capital cost allowance class for which the CCA rate is 100% and to which the usual half-year rule does not apply.
The special incentive is available for qualifying assets purchased after January 27, 2009 and before February 2011. Taxpayers who wish to claim the incentive must therefore make any such purchases on or before January 31, 2011.
Details of the incentive program and its expiry are outlined in a Department of Finance press release, available at http://www.cra-arc.gc.ca/gncy/txnf/menu-eng.html.