On February 27, 2018, Finance Minister Bill Morneau tabled in the House of Commons the Liberal Government’s third budget, Equality + Growth = A Strong Middle Class (“Budget 2018”). Budget 2018 proposes to extend eligibility for accelerated capital allowance in Class 43.2 by five years so that it would be available for property acquired before 2025. Generally, investments in specified clean energy generation and conservation equipment may qualify for accelerated capital cost allowance rates by being included in either Class 43.1 (30% on a declining balance basis) or Class 43.2 (50% on a declining balance basis). The eligibility … Continue Reading
About This Blog
This blog shares information and our views on developments in Canada's power, electricity, and oil and gas sectors, and on other energy services across the country. It provides tactical and timely updates related to developing, structuring, financing and operating successful energy projects, and comments on a variety of domestic and international legal and business issues. The blog’s content scope reaches across Canada and covers a wide range of topics – from energy project development and finance through to completion and operation.