The properties described above will continue to be eligible for the accelerated investment incentive introduced with Federal Budget 2018. This incentive suspends the application of the “half-year rule”, which would generally limit the capital cost allowance deduction in the year the property is avail...
Republicans celebrated provisions to increase the number of border patrol agents, prohibit the government from banning gas stoves, ban U.S. embassies from displaying LGBTQ+ Pride flags, and halt funding to the United Nations Relief and Works Agency. The bill also maintains the Hyde Amendment, whi...
Comments on the proposed SNURs are due May 8, 2024.EPA Denies Petition To Eliminate Current Allowances For PCBs In Consumer Products: EPA announced on April 9, 2024, its denial of the Washington Department of Ecology’s (WDOE) petition under TSCA Section 21 seeking a rulemaking to eliminate...
Learn how federal tax law changes could impact your tax return in 2010 and beyond. Here is a summary of all federal tax law changes between 2010 - 2017.
Participants will be required to account for adjustments to net tax in various situations involving deemed supplies or tax deemed to be paid or collected, such as taxable benefit remittances and employee allowances and reimbursements; Supplies of property or services by the operator to a participant...
Budget 2022 proposes to expand capital cost allowance (“CCA”) classes 43.1 and 43.2, which provide access to accelerated depreciation rates, to include air-source heat pumps primarily used for space or water heating. Changes in the eligibility criteria for classes 43.1 and 43.2 are proposed to...
Further, directors reported the need for permanent waiver allowances to enable programs to continue feeding children during ECE program closures, evenings, weekends, or holidays because of concerns about children not receiving enough food at home. Directors felt that they finally learned how to ...
20, 2018, before 2024 After 2023, before 2028 Currently Subject to Half-Year Rule 10% 30% 20% Not Currently Subject to Half-Year Rule 20% 30% 25% The Accelerated Investment Incentive also accelerates the deductibility of Canadian development expenses ("CDE") and Canadian oil and gas ...