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Hyundai Construction Equipment Americas is poised to make a resounding impact by returning to the highly anticipated World of Asphalt 2024, set to take place in Nashville, TN. Anticipated to draw a record-breaking crowd of over 12,000 asphalt paving and aggregates professionals, the event will serve as a beacon of innovation and progress within the […]
HD HYUNDAI Xite Transformation, Future Xite, Twin Xite, Zero Xite We are pleased to share HD Hyundai’s story, Xite Transformation, Future Xite, Twin Xite, Zero Xite at CES 2024 in booth #4517, West Hall. The world’s largest shipbuilder, HD Hyundai, has embraced “technology and quality” as a core value. That translates to rewriting the rules […]
Hyundai announces the immediate North American availability of three new models in its HX-A series of compact hydraulic excavators. The Hyundai HX35AZ, HX40A and HX48AZ excavators, featured at the exhibit (Booth K341) at The Utility Expo, at the Kentucky Exposition Center. All three new models feature low-emission engines that are Tier 4 Final compliant. The […]
February 14th is all about sharing love, so we are sharing 7 reasons to LOVE our construction equipment this Valentine’s Day. Read below to see why we think you’ll really DIG our products. 1: Our Dealer Network At Hyundai, we know the importance of a good equipment dealer when it comes to purchasing and running […]
Canada’s Federal Government Announces “Accelerated Investment Incentive”
November 26, 2018 | Industry News
Canadian contractors are predicted to be in investment mode in 2019.
In response to U.S. tax reform, on November 21, 2018, Canada’s federal government announced significant tax changes that offer the construction industry help in form of faster equipment depreciation, allowing them to free up capital for other business investments. The “Accelerated Investment Incentive” would enable Canadian businesses to immediately write off the full cost of some types of capital assets, including machinery and equipment.
Eligible assets include virtually all tangible and intangible capital property, such as machinery and equipment, motor vehicles, computers, buildings and intangible assets. The first measure will increase the first-year “Capital Cost Allowance” deduction for almost all new acquisitions of capital assets. The new tax rule measures will generally increase the deduction available in the First Year to three times the otherwise available deduction. For example, for excavators and wheel loaders, the CCA deduction allowed in the First Year may be as high as 82.5 per cent (three times 27.5 per cent.)
“These commitments by the government are essential to enabling Canadian construction firms to compete more effectively in Canada and around the world,” Mary Van Buren, the CCA’s president, said in a statement.
For additional questions please contact your local Hyundai Construction Equipment Dealer to learn more.
