Capital Cost Allowance (CCA) for computer purchases

The cost of computers purchased after January 27, 2009 and before February 1, 2010 can be deducted in full in the year acquired.

New Small Business Deduction (SBD) Limits

As of January 1, 2009, the amount of active business income eligible for the small business deduction, and hence a reduced rate of corporate tax, has been increased from $400,000 to $500,000.

For more information about claiming the SBD, visit http://www.cra-arc.gc.ca/E/pub/tp/it73r6/it73r6-e.html. Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.