TAX-08 — Immediate expensing has expired, and the two deadlines differ. For a CCPC

Immediate expensing has expired, and the two deadlines differ. For a CCPC, the property had to become available for use before 1 January 2024. For an individual, or a partnership all of whose members are individuals, before 1 January 2025. While in effect: up to $1.5 million per tax year, shared among associated members, prorated for short years, capped at income from the business before CCA, no carry-forward. Successors: the Reaccelerated Investment Incentive for property acquired on or after 1 January 2025 and available for use before 2034, and a proposed 100% first-year CCA for eligible manufacturing and processing buildings acquired after 3 November 2025