Federal Budget Proposes a Temporary Enhanced First-Year Capital Cost Allowance Rate of 100% for Zero- Emission Vehicles

On March 19, 2019, Finance Minister Bill Morneau tabled in the House of Commons the Liberal Government’s fourth budget, Investing in the Middle Class (“Budget 2019”).  Budget 2019 contains tax measures that encourage business investment in zero-emission vehicles by providing a 100% write-off for eligible vehicles purchased on or after March 19, 2019 that become available for use before 2028. These measures will be phased out after 2023.

For a discussion of these tax measures as well as others in Budget 2019, please see McCarthy Tétrault's Budget 2019 Commentary.



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