Weekly Tax Tip
March 09, 2010
POINT OF SALE (POS)/COMPUTER SYSTEMS - CAPITAL COST ALLOWANCE (CCA) CLASS
In a July 13, 2009 External Technical Interpretation (2009-0311501E5, Rafuse, Charles), CRA notes that general-purpose electronic data processing equipment and systems software acquired after March 18, 2007 is included in Class 50 with a 55% CCA rate and, if acquired after January 27, 2009 and before February, 2011 is included in Class 52 which provides for a temporary 100% CCA rate. (Class 45 (45%) applies from March 22, 2004 to March 18, 2007)
For further information see VTN Monthly Tax Update Seminar, Issue No. 339.
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