10 April 2019 Canada's CCA acceleration measures substantively enacted as part of 2019 budget implementation bill Bill C-97, Budget Implementation Act, 2019, No. 1, which implements certain tax measures announced in the 2019 federal budget and the 21 November 2018 federal fall economic statement (as well as other previously announced measures), received first reading in the House of Commons on April 8. Bill C-97 contains the tax measures that were included in the notice of ways and means motion tabled on April 4. As a result, the business income tax measures contained in Bill C-97 are now substantively enacted for financial reporting purposes. Most notably, the capital cost allowance (CCA) acceleration measures that were first announced in the November 21, 2018 federal fall economic statement, including some modifications since their initial release, are now substantively enacted. Document ID: 2019-0739 |
