7 November 1990 Ministerial Letter 90M11368 F - Accelerated Write-off of Point of Sale Equipment

By services, 18 January, 2022
Official title
Accelerated Write-off of Point of Sale Equipment
Language
French
CRA tags
n/a
Document number
Citation name
90M11368
Severed letter type
Ministerial Letter
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
631582
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1990-11-07 07:00:00",
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}
Main text

CTF - 1990 Conference Report

QUESTION - 19(1) TECHNICAL SESSION

AMENDMENTS TO CCA REGULATIONS

We have not seen the amendments to the CCA regulations as they pertain to accelerated write-off of point of sale equipment. Are these out yet and if not, when can we expect such a release?

ANSWER

The amendments to the income Tax Regulations affecting the amount of capital cost allowance available on point-of-sale equipment were passed on September 27, 1990 and published in the Canada Gazette Part II, Vol. 124, No. 21 at page 4282. The accelerated write-off is at the rate of 100%, is not subject to a reduction of 50% in the year of acquisition and is available in respect of point-of-sale equipment acquired after August 8, 1989 and before 1993.

24(1)

November 1990R. MundellSection 23