Buying equipment before year-end: work out the tax savings first
Business tax and equipment financingKey takeawaysAccelerated CCA can bring tax relief forward and improve near-term cash flow.A larger claim today leaves fewer deductions for later years.Estimate sale tax and the loan payout before agreeing to a trade-in or sale.Your business has had a profitable year, and a supplier offers a deal on new equipment. Buying before year-end might reduce your…
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