Innovation: a key component in Federal Budget 2018
This year’s budget encourages investment in technologies that contribute to a reduction in emissions of greenhouse gases, air pollutants and promotes renewable energy. Incentives have been tabled for the accelerated capital cost allowance (CCA) rates for eligible investments to generate or conserve energy in order to work towards a greener environment.
Stephen Rupnarain provides insight into the innovation focus of the Federal Budget 2018:
Your RSM Canada advisor can assist you in determining whether your investments qualify for these tax incentives.