Extended Tax Assistance for Canadian Manufacturers -
2009 Federal Budget Relief

As per the 2009 Federal Budget, Canadian companies buying manufacturing equipment, such as an OPTOTRAK DMM, Portable CMM or Laser Scanner, qualify for significant tax savings this year!

Manufacturing and processing firms make a huge contribution to Canada’s economy. They and their employees have faced significant challenges in recent years, including increased competition and a strong Canadian dollar. To help these firms become more productive and globally successful, Budget 2009 has extended an incentive for their investments in machinery and equipment.

Act Now to Save!

To qualify for the optimal tax savings, the equipment must be purchased and put into use by December 31, 2011. Tax incentives remain for the following two years, but at reduced rates.

How Does It Work?

The budget extends the temporary increase in the capital cost allowance (CCA) rate for manufacturing and processing (M&P) machinery and equipment currently included in Class 29 to a 50% straight-line rate, up significantly from 30%.

More Information

For more details, go to the Canadian Department of Finance’s website. For more information about the 2009 Federal Budget, go to http://www.budget.gc.ca/2009/plan/bpa5a-eng.asp.

*The above statements are not intended to be tax advice. Please check with your tax advisors regarding the above opportunity