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Manufacturers Financing Services - Tax Tips 2018 Canada
TAX INCENTIVES AVAILABLE
WHEN YOU PURCHASE EQUIPMENT IN 2018!
MFS will show you below how investing in equipment NOW can still pay off in BIG Tax Savings for Fiscal Year 2018:

Essentially, the Capital Cost Allowance (CCA) Class 43 of the CRA tax code allows businesses to accelerate depreciation of qualifying equipment purchases. If you buy ( or lease) a new piece of equipment, you may be able to deduct 25% from your gross income in the 1st year. It's an incentive created by the Canadan Government to encourage businesses to buy equipment and invest in themselves.

The tax code will change dramatically and be significantly less advantageous in 2018.

 
PLEASE PLUG-IN THE ESTIMATED MACHINE PRICE HERE: $
The simple spreadsheet below will demonstrate your potential Tax Savings:  2018
Estimated Machine Price (EMP)
Class 43 Depreciation Expense in 1st year(EMP x 25%)
Class 29 Depreciation Expense in 1st year (EMP x 15%)
Assumed Customer Tax Bracket
      TAX SAVINGS
Aprox. # of Payments Covered by these Tax Savings
$
$
 
29%
$
Companies should consult their tax accountants to confirm eligibility for tax benefits.
Class 43 depreciation allows for accelerated depreciation of 25%, 50% and 25% in Years 1,2 and 3, respectively. Class 29 depreciation will only allow CCA deduction of 15% in the first year and 30% thereafter.

Manufacturers Financing Services would be happy to finance your equipment purchases
and answer any questions relating to this tax law. Please feel free to contact us with any questions.
Contact your MFS Expert: Hardy Tran (416) 554-9432