INTIEACanada · ZEV tax write offs for businessesPolicyIn force

ZEV tax write offs for businesses

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…

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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/27672

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