deduct 100 per cent of a computer purchase for Canadian Small Business

Did you know that if your business buys a computer between Jan. 27, 2009 and Feb. 1, 2011, you can deduct 100 per cent of a computer purchase that year, rather than simply deducting the amount that the computer has depreciated that year?

So far, though, like the proverbial tree falling in the forest, it’s a small business deduction that’s made no sound and had little effect, according to CBC News. (See Computer tax break yet to make an impact.)

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