Thought you might find this interesting, if you were unaware.  

  Capital Cost Allowance ends DEC 31, 2008.  Have you taken Advantage?
 
  Re:  Federal tax incentives to help manufacturing and processing business be more
  competitive. 

  As you know, the federal government released its 2007 budget in March.We want to take   
  the opportunity to highlight some of the elements pertinent to your industry as well as their implications. 
  The federal government is offering tax incentives to help manufacturers and processors become more
  competitive:

  • For the purchase of equipment or machinery, acquired between March 19, 2007 and  
    December 31, 2008, the capital cost allowance (CCA) is now 50%.  This will allow you to write off
    your investment over 2 years on average.

  • The CAA has also been increased from 4% to 10% for buildings used in manufacture and processing of
      goods for sale or lease. 
  With these substantial tax deductions, you will be in a position to modernize your plant and  reap
  the benefits now.  Should you have any questions, your accountant can shed light on these new tax incentives.

  Your bank may finance up to 125% of the cost of your new equipment in order to cover all the 
  additional costs such as training.  We can also help you ensure that your plant is functioning
  optimally with the Operational Efficiency program from DDC Consulting.