Canada - Accelerated Investment Incentive
Canadian citizens who buy a waterjet can claim up to 100 percent of their capital expenses with the Accelerated Investment Incentive (AII) for 2019. The only stipulation is that the purchase is made after November 20, 2018, and used before 2024.
Prior Half-Year Rules No Longer Apply
Before November 2018, if you bought machinery after 2015 with the intention of using it before 2026, a temporary, accelerated rate of 50% was used on a declining-balance basis. Now, for machinery bought after November 20, 2018 that is used before 2024, a first-year deduction of 100% applies. That’s more money in your pocket sooner!
For equipment that is used after 2023 and before 2028, phase out rates apply according to the chart below:
Don’t wait - take advantage of the Accelerated Investment Incentive right now by visiting WARDJet.com to browse through our extensive product line. For specific questions, complete our online contact form, or call 1-844-WARDJET to talk to one of our waterjet technical experts.