Computer hardware and software tax write off to end PDF Print E-mail

Are you planning on buying or leasing any computers and systems software within the next year?  If so are you aware that the 100% write off allowed by CRA for these type of assets will end on February 1, 2011? 

To qualify for this rate the asset must fit the following criteria:
  • must be located and used in Canada
  • the items must be new, not used not be refurbished
  • must have been purchased by the taxpayer
  • must be for business use only and solely for the purpose of generating earnings in Canada
For additional information regarding this please visit CRA's website below:

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/cptl/dprcbl-eng.html