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Choosing the right equipment and attachment combination is crucial for optimizing snow removal operations. Recently showcased at the 2024 SIMA (Snow and Ice Management) Trade Show in Pittsburgh, Hyundai Construction Equipment demonstrated its commitment to efficient snow removal with a range of loaders equipped with specialized snow plow attachments. Among them were the Hyundai HL940AL […]
George & Swede Sales & Service in Pavilion, New York, celebrates 30 years as a Hyundai construction equipment dealer this year. Hyundai District Manager, Brian Slavinski, supported their annual open house BBQ event this June, and had the pleasure of presenting Greg Newell and his team with a golden Hyundai wheel loader as a symbol […]
Hyundai Construction Equipment Americas is poised to make a resounding impact by returning to the highly anticipated World of Asphalt 2024, set to take place in Nashville, TN. Anticipated to draw a record-breaking crowd of over 12,000 asphalt paving and aggregates professionals, the event will serve as a beacon of innovation and progress within the […]
HD HYUNDAI Xite Transformation, Future Xite, Twin Xite, Zero Xite We are pleased to share HD Hyundai’s story, Xite Transformation, Future Xite, Twin Xite, Zero Xite at CES 2024 in booth #4517, West Hall. The world’s largest shipbuilder, HD Hyundai, has embraced “technology and quality” as a core value. That translates to rewriting the rules […]
Canada’s Federal Government Announces “Accelerated Investment Incentive”
November 26, 2018 | Industry News
Canadian contractors are predicted to be in investment mode in 2019.
In response to U.S. tax reform, on November 21, 2018, Canada’s federal government announced significant tax changes that offer the construction industry help in form of faster equipment depreciation, allowing them to free up capital for other business investments. The “Accelerated Investment Incentive” would enable Canadian businesses to immediately write off the full cost of some types of capital assets, including machinery and equipment.
Eligible assets include virtually all tangible and intangible capital property, such as machinery and equipment, motor vehicles, computers, buildings and intangible assets. The first measure will increase the first-year “Capital Cost Allowance” deduction for almost all new acquisitions of capital assets. The new tax rule measures will generally increase the deduction available in the First Year to three times the otherwise available deduction. For example, for excavators and wheel loaders, the CCA deduction allowed in the First Year may be as high as 82.5 per cent (three times 27.5 per cent.)
“These commitments by the government are essential to enabling Canadian construction firms to compete more effectively in Canada and around the world,” Mary Van Buren, the CCA’s president, said in a statement.
For additional questions please contact your local Hyundai Construction Equipment Dealer to learn more.
