Waiting to upgrade your technology? Don't.

By Mark Lorne


A NEW GOVERNMENT TAX INCENTIVE MEANS NOW IS THE TIME TO BUY


Stephen Harper’s January budget may have been born out of political necessity, but from that tumult came at least one business initiative of great value: a temporary measure that allows business taxpayers to fully write off computer investments.

The change centres on the Capital Cost Allowance (CCA), the percentage of a capital asset’s cost a business may deduct each year for tax purposes. Budget 2009 increases the CCA rate to 100 per cent for computer hardware and systems software acquired after January 27, 2009 and before February 1, 2011.

Previously, businesses could only write off 55 per cent of a technology investment, at a rate of 50 per cent per year. In subsequent years, (read more)......

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For more information on broadband and technology in Muskoka, visit the Muskoka Community Network website at
www.mcnet.ca