Get 100% tax write-off on equipment purchases up to $1.5M

Are you in the market for new pieces of equipment? The Canadian government’s Bill C-19 tax deduction offers substantial tax savings on new or used equipment purchases, whether you buy outright or finance them.

What is Bill C-19?

It’s a government initiative designed to stimulate the economy and support businesses by accelerating tax benefits for companies investing in capital assets such as heavy equipment. The Bill C-19 tax deduction is applicable: 

• • to new and used equipment purchases

• • whether you purchase your equipment outright or finance it

What are the benefits?

• • Immediate tax benefits: You can recover the cost of your investments more quickly by deducting the entire equipment cost in the year of purchase, with a maximum deduction of $1.5 million for 2023.

• • Enhanced cash flow: Reduced taxes mean improved cash flow. Additionally, since the deduction can be claimed even if the equipment is financed, the tax savings might potentially surpass the expenses incurred in 2023, leading to a net gain for the year.

How does it work?

Remember to consult with your tax professional

While we’re here to guide you through the equipment selection process, we recommend consulting with your accountant to ensure you qualify and can make the most of this tax break.

So, what are you waiting for?

Contact us today for your machinery needs and take advantage of Bill C-19 tax savings. We’ll make sure that your equipment is delivered within the required timeframe.