• Canadian Federal Government Proposes Accelerated Capital Cost Allowance for LNG Facilities
  • February 24, 2015
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • Canada‚Äôs 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 - http://www.fin.gc.ca/drleg-apl/2015/itr-rir-0215-eng.pdf. Read more in the press release and background document.