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

**Flag: Current** — Verified against the live source. Safe to cite.

**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

## Sources

- Finance Canada (primary): https://www.canada.ca/en/department-finance/news/2022/02/expansion-of-the-eligibility-for-tax-support-for-business-investments.html
- T4012 What's New (primary): https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4012/t2-corporation-income-tax-guide-whats-new.html
- https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4012/t2-corporation-income-tax-guide.html (mirror): https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4012/t2-corporation-income-tax-guide.html

Jurisdiction: FED · Verified 2026-08-27 · Review: legislative