Recent Posts
Hyundai announces the immediate North American availability of three new models in its HX-A series of compact hydraulic excavators. The Hyundai HX35AZ, HX40A and HX48AZ excavators, featured at the exhibit (Booth K341) at The Utility Expo, at the Kentucky Exposition Center. All three new models feature low-emission engines that are Tier 4 Final compliant. The […]
February 14th is all about sharing love, so we are sharing 7 reasons to LOVE our construction equipment this Valentine’s Day. Read below to see why we think you’ll really DIG our products. 1: Our Dealer Network At Hyundai, we know the importance of a good equipment dealer when it comes to purchasing and running […]
As any operator knows, preventative maintenance is the key to keeping your equipment up and running, saving you hours of uptime in the long run. By adding these few tips to your daily routine, you can increase the longevity of your equipment and reduce the amount of downtime you experience. Before starting your equipment for […]
In 2005, Hyundai Construction Equipment Americas entered the compact excavator market. Since then, Hyundai has released five generations of mini excavators, including their most recent release, the A-Series. Launching this series is the HX85A, the largest compact excavator offered by Hyundai. Read below to find out why the HX85A is the perfect addition to your fleet. […]
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.
