In the quest for sustainable living and reduced carbon footprints, many homeowners are turning to solar power as a viable alternative to traditional energy sources. One of the key benefits that make solar energy financially attractive is a policy known as net metering. This innovative approach not only encourages the adoption of solar technology but also empowers homeowners to take control of their energy consumption and costs. Let’s delve into the concept of net metering and explore how it revolutionizes the way homes utilize solar energy.
Date Archives November 2023
Understanding Full Expensing under CCA Rules
The Capital Cost Allowance (CCA) is a tax provision that allows businesses to deduct the depreciation of eligible capital assets from their taxable income over time. Traditionally, assets are depreciated gradually over several years according to prescribed depreciation rates. However, under the full expensing provision, businesses are permitted to deduct the entire cost of qualifying assets in the year they are put into use, providing an immediate tax benefit.