Immediate Expensing for Canadian Businesses Are you a Canadian business owner looking to save on taxes? You might have heard of immediate expensing, a tax deduction method that allows businesses to deduct the full cost of eligible assets in the year of purchase, rather than depreciating them over several years. This tax deduction method can provide a significant tax benefit for businesses, especially since it allows for a 100% deduction in the year of purchase. In this blog post, we'll provide an overview of immediate expensing in Canada, the eligible and excluded assets, and the gradual phase-out of this tax deduction.  [...]