Canada Revenue Agency will permit 100% write-offs in the year of equipment purchase under many circumstances. MCC Energy can assess your situation and provide you with initial insight which you can then confirm with your accountant. Here is a partial list of equipment/situations that qualify for favourable tax treatment:
- Cogeneration and Specified-Waste Fuelled Electrical Generation Systems
- Thermal Waste Electrical Generation Equipment
- Active Solar Heating Equipment and Ground-Source Heat Pump Systems
- Small-Scale Hydro-Electric Installations
- Heat Recovery Equipment
- Wind Energy Conversion
- Photovoltaic (Solar) Electrical Generation Equipment
- Geothermal Electrical Generation Equipment
- Landfill Gas and Digester Gas Collection Equipment
- Specified-Waste Fuelled Heat Production Equipment
- Expansion Engine Systems
- Systems to Convert Biomass into Bio-Oil
- Fixed Location Fuel Cell Equipment
- Systems to Produce Biogas by Anaerobic Digestion
- Wave or Tidal Energy Equipment
- District Energy Systems/Equipment