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...

  Budget 2021, announced in April, proposed to allow the immediate expensing of certain property acquired by Canada Controlled Private Corporations (CCPCs). The eligible property would be acquired after April 18, 2021 up to January 1, 2024 to a maximum amount of $1.5 million per year...