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