Bill-C19

 

Tax relief to businesses affected by the pandemic, the Government released the Bill-C19 tax deduction

For example, Your company buys a used Excavator for $50,000 in October 2023, with payments of $1,000 per month starting in November.

That would equal 2 monthly payments made in 2023 for a total of $2,000.

Your company can then declare the full $50,000 amount using the Bill C-19 deduction. At 26% tax rate that equates to a net tax savings of $13,000.

This amount comes off your company’s annual tax bill less the monthly payments made ($2,000) By purchasing your next piece of equipment now, using the example above, your company’s expenditures would be $11,000 more than it would have been without purchasing anything.   To be eligible, your company must purchase the equipment in the 2023 calendar year and be put to work.  

We have a vast selection of Excavators, Dozers, Wheel Loaders, Motor Graders, Compactors and more!  www.jphequip.com 

       Contact us today for your next piece of equipment and to take advantage of the Bill C-19 tax deductions.

 888-601-3350

sales@jphequip.com 

 

  *This is for informational purposes only and not to be used as tax advice. Please refer to your tax professional for your business incentives.

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