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Cost Estimate of Full Expensing for Depreciable Property

PDF
Govindadeva Bernier; Nora Nahornick
Published on June 19, 2019 PDF

In response to a request from a member of Parliament, the PBO has prepared a cost estimate of the federal government introducing 100% expensing to match the recent U.S. tax change in the Tax Cuts and Jobs Act (TCJA). The cost estimate is based on 100% expensing for eligible property from 2019 to 2023, which is then phased-out and reduced by 20% per year beginning in 2024.

Taxes on property Taxes (Other)