Did you know that if your business buys a computer between Jan. 27, 2009 and Feb. 1, 2011, you can deduct 100 per cent of a computer purchase that year, rather than simply deducting the amount that the computer has depreciated that year?
That's a pretty sweet small business deduction.
So far, though, like the proverbial tree falling in the forest, it's a small business deduction that's made no sound and had little effect, according to CBC News. (See Computer tax break yet to make an impact.)
With Windows 7 about to be released, it's a good small business deduction to know about - just in case you decide to upgrade your whole computer system rather than just its operating system.
Related: Federal Budget 2009 Aid for Canadian Small Business - More small business deductions and other measures benefiting small businesses.
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