• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • EN | FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Capital Projects Energy Funds & Finance Mining View all
Advisory
Crisis & Risk Management ESG Strategy and Solutions Governmental Affairs & Public Policy
View Client Work
International Experience
Insights News Events New Energy Economy Series
Business Law Talks Podcast Economic Outlook Class Actions: Looking Forward Quarterly M&A Insights
ESG & the CIO Subscribe
People
Practices
Industries
Advisory Services
Client Work
About
Offices
News
Careers
Insights
Law Students
Events
Search
Alumni
Payments
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 
Blog

Further Business Tax Perks for Zero-Emission Vehicles

March 09, 2020

Written By Archana Ravichandradeva and Michael Smith

The Government of Canada has introduced a temporary enhanced first-year capital cost allowance (CCA) rate of 100% in respect of eligible zero-emission vehicles (ZEVs) and equipment. Businesses will initially be able to access a 100% write-off for eligible ZEV vehicles which are (i) automotive (i.e., self-propelled) and; (ii) fully electric or powered by hydrogen. These rates will apply to eligible zero-emission automotive equipment and vehicles that are acquired on or after March 2, 2020, and that become available to use before 2028. A taxpayer would be able to claim the enhanced allowance only for the taxation year in which the vehicle first becomes available for use.

This enhanced CCA rate is a new addition to the enhanced rates already provided by the government under Budget 2019 for vehicles to be used on highways and streets. This new additional rate will apply for motor vehicles intended for use off-road. The new rate is part of the government's push for ZEV vehicles in all matters of transport, as described in the January 2020 blog post, Canada's Cabinet Mandate Letters Highlight Focus on Zero-Emission Vehicles.

Download PDF

Author

  • Michael C. Smith Michael C. Smith, Partner

Bennett Jones Welcomes 10 New Partners

Related Links

  • Insights
  • Media
  • Subscribe

Recent Posts

Blog

The Ontario Court of Appeal Confirms the Narrow Confines [...]

June 01, 2023
       

Blog

Ontario's Dismissal for Delay Regime the Year in Review

June 01, 2023
       

Blog

Securities Class Actions Round-Up

June 01, 2023
       

Blog

Developments in General Causation Methodologies for Class Certification

June 01, 2023
       

Blog

The Lack of Present Injuries and Reliable Scientific [...]

June 01, 2023
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
  • History
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2023. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones