Budget 2021 allowed the immediate expensing of certain property acquired by Canada Controlled Private Corporations (CCPCs). Eligible property would include property that is subject to the capital cost allowance (CCA) rules, other than Class 1 to 6, 14.1, 17, 47, 49, and 51 (generally long-lived...

At Clearline, we do our best to keep up-to-date on the most recent tax court cases. Below are some recent insights from tax court....