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