Forgot your account information?  |  Create a CME account

Legislation to extend two-year write-off tabled in Parliament

Published by Derek Lothian on October 03, 2011

The Government of Canada tabled legislation today that would officially extend the accelerated capital cost allowance – also known as the two-year write-off for manufacturing and processing technologies – through 2013.  

The initiative, announced in the 2011 federal budget, will save Canadian companies more than $500 million over the next two years.  

"Extending the write-off was the top priority of Canadian Manufacturers & Exporters (CME) in this year’s budget," explains CME President & CEO Jayson Myers. "We continue to advocate policymakers to make the write-off a permanent component of the tax system." 

For more information, please see CME’s pre-budget submission to the House of Commons.          

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan