ENERGY AND ENVIRONMENT PROGRAMS

EE 1

ACCELERATED CAPITAL COST ALLOWANCE

Environment Canada-EC

Objective

-To encourage pollution abatement in businesses through tax write-offs on equipment.

Eligibility

-For-profit businesses in Canada that have undertaken environmental initiatives to abate pollution cause by operations prior to 1974.

-Expenses must have been before December 31, 1998, and must be submitted before December 31, 2001.

Benefits

-Total cost of equipment written off over 3 years; 25 % in first year, and 25 % in third year.-Professional examination is used to determine if the initiative has the desired effect and determines if pollution is prevented, abated, or eliminated.

Contacts:

                AACA Program

                Environment Canada