Tax Alerts

New rules for eligible capital property

The 2014 federal budget announced a public consultation on a proposal to repeal the existing eligible capital property (ECP) regime and replace it with a new capital cost allowance (CCA) class for depreciable capital property. The 2016 federal budget has finally introduced draft legislation to implement this change. This new tax treatment for ECP could potentially have significant tax consequences for sale transactions that close after 2016.

Find out more about the new rules for eligible capital property. [ 93 kb ]

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