23 March 2011
Extension of Accelerated Capital Cost Allowance in jeopardy: CPIA
OTTAWA—Yesterday’s federal budget announcement contained some good news for the Canadian graphic communications industry, but might be postponed due to threats of an election, said a statement from The Canadian Printing Industries Association (CPIA).

The budget called for the extension of the Accelerated Capital Cost Allowance to December 31, 2013, something the CPIA has been asking the federal government to do for the past year, said CPIA president Bob Elliott. “We are extremely pleased that this has been granted,” he said in a statement. “However, the threat of a federal election over the Budget or the contempt issues before Parliament would potentially put this concession in jeopardy.”

The Accelerated Capital Cost Allowance provides an accelerated rate of write-off for certain capital expenditures on manufacturing equipment.

Stay with PrintCAN for details as they become available.

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