The name says it all taxamortisation.com is a great resource for finding tax amortisation rates and useful life info for intangible assets in various countries.

If a depreciable asset is acquired, the acquirer can can deduct the cost(s) over several years. This yearly deduction is called a capital cost allowance (“CCA”), and varies by asset.

Under the Accelerated Investment Incentive measure, certain capital property will be eligible for an enhanced first-year allowance. The property will be eligible if it is acquired after November 20, 2018, and becomes available for use before 2028.

As a result, eligible property currently subject to the half-year rule will qualify for an enhanced CCA equal to 3x the normal first-year deduction. Eligible property not subject to the half-year rule will qualify for 1.5x the normal first-year deduction.

KPMG’s website describes this easy to read publication as containing “Quick tax information for corporations and individuals”.

While the button below will take you to the most recent publication, copy the following link to get to Tax Facts publications from prior years: https://home.kpmg/ca/en/home/services/tax/tax-facts.html