SBC Product Knowledge Webinar: Capital Cost Allowance for Energy Conservation

June 21, 2021 10:00 AM – 12:00 PM EDT

Sustainable Buildings Canada invites you to the latest in our recurring series of webinars highlighting products that will help reduce energy and water consumption, and greenhouse gas emissions. This webinar discusses a topic that influences the adoption of many sustainable technologies – the Capital Cost Allowance, or CCA.

Are you a project owner or developer?  Do you work in a service or trade that supports the construction of high performance buildings?  Join us to learn about tax incentives designed to encourage renewable energy and conservation projects.

The Government of Canada provides an accelerated CCA rate for Class 43.1 and 43.2 properties as an incentive to encourage businesses to invest in specified clean energy generation and energy conservation equipment. Businesses can take advantage of Classes 43.1 and 43.2 Accelerated Capital Cost Allowances exception to the general practice of setting CCA rates based on the useful life of assets and allows businesses to reduce their taxable income in the early years of an asset’s operation by claiming a larger than usual depreciation.

Under the CCA regime, classes 43.1 and 43.2 of Schedule II to the Income Tax Regulations provide accelerated CCA rates (30 percent and 50 percent, respectively, on a declining-balance basis) for investments in specified clean energy generation and energy conservation equipment.  Listen in to an overview session, led by Anjali Varma of EVNA Engineering, to learn the basics of this tax incentive and work through some practical examples.