Insights | MCC Energy Strategies Inc.
Canada Revenue Agency Will Permit 100% Write-Offs in Year 1
Canada Revenue Agency will permit 100% write-offs in the year of equipment purchase under many circumstances. MCC Energy can assess your situation and provide you with initial insight which you can then confirm with your accountant. Here is a partial list of equipment/situations that qualify for favourable tax treatment.
1 Cogeneration and Specified-Waste Fuelled ElectricalGeneration Systems
2 Thermal Waste Electrical Generation Equipment
3 Active Solar Heating Equipment and Ground-Source Heat Pump Systems
4 Small-Scale Hydro-Electric Installations
5 Heat Recovery Equipment
6 Wind Energy Conversion
7 Photovoltaic (Solar) Electrical Generation Equipment
8 Geothermal Electrical Generation Equipment
9 Landfill Gas and Digester Gas Collection Equipment
10 Specified-Waste Fuelled Heat Production Equipment
11 Expansion Engine Systems
12 Systems to Convert Biomass into Bio-Oil
13 Fixed Location Fuel Cell Equipment
14 Systems to Produce Biogas by Anaerobic Digestion
15 Wave or Tidal Energy Equipment.
16 District Energy Systems/Equipment