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Province Implements Accelerated Capital Cost Allowance

The province is implementing the accelerated capital cost allowance enhancements adopted by the federal government. This change allows companies to write off 100 per cent of investments in manufacturing and clean energy equipment in the first year, as opposed to the previous rate of 25 per cent. For other types of capital investments, this enhancement allows a write-off of up to three times the normal first-year allowance.

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