Lifecycle
- Effective
- Last change
Country / jurisdiction: Canada · Year: 2020 · Status: In force · Level: National · Type: Voluntary
The Canadian government has proposed expanding tax support for business investments in zero-emission vehicles, including those powered by hydrogen. This includes creating a new Class 56 for eligible zero-emission automotive equipment and vehicles, which must be fully electric or hydrogen-powered. The enhanced first-year capital cost allowance (CCA) rate of 100% will apply to these vehicles and equipment acquired on or after March 2, 2020, and available for use before 2028.
Official source: https://www.canada.ca/en/department-finance/news/2020/12/expanding-tax-support-for-business-investment-in-zero-emission-vehicles.html
Source
https://www.iea.org/policies/27672Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.