Canadian Federal Government Proposes Accelerated Capital Cost Allowance for LNG Facilities
Posted on Feb 20, 2015 in Canada & Mexico, Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Canadian Federal Government Proposes Accelerated Capital Cost Allowance for LNG Facilities
Canada’s federal government has proposed revised tax regulations that would increase the capital cost allowance (CCA) rate for equipment used in natural gas liquefaction from 8% to 30% and increase the CCA rate for buildings at a liquefaction facility from 6% to 10%. The proposed tax relief would be available for capital assets acquired after February 19, 2015 and before 2025. The draft regulations can be found here. Read more in the press release and background document.