You might acquire a depreciable property such as a building, furniture, or equipment to use in your business or professional activities.

You cannot deduct the cost of the property when you calculate your net business or professional income for the year.

However, since these properties wear out or become obsolete over time, you can deduct their cost over a period of several years. The deduction for this is called capital cost allowance (CCA)

For more information please see the Claiming Capital Cost Allowance (CCA) webpage.

If you are ready to replace your old washer and dryer, FortisBC and Terasen Gas would like to encourage you to purchase an ENERGY STAR set. Purchase between June 15th and August 31, 2010 and you can receive $50 back for an ENERGY STAR washer and $100 back for a complete set. (Claims must be received by September 15th, 2010.)

Applicants can apply directly through FortisBC Power Sense Program for the rebate (application form).

Replace your existing natural gas fireplace or convert your wood hearth to an EnerChoice natural gas fireplace before March 31st, 2011 you may qualify for a $150 rebate from Terasen gas.

Applicants can apply directly through Terasen Gas for the rebate (application form).

Change your oil or propane heating system to natural gas, and install a new ENERGY STAR rated high efficiency heating system and you may qualify for a $1,000 cash rebate.

LiveSmart BC offers grants for energy efficiency upgrades for heating, hot water, insulation, windows and doors, ventilation, and draft proofing for your home.

For more details, see the LiveSmart BC Efficiency Incentive Grant Chart.

If you've recently purchased-or are planning to purchase-an energy efficient product or service for your home, you could qualify for the RBC Energy Saver Loan.

This innovative and "green" financing solution can help you create a more energy efficient home faster while saving on your borrowing costs.

Through Canada’s Economic Action Plan, the Government of Canada announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

As of February 1, 2010, CMHC is accepting applications from eligible project sponsors for the remaining $75 million funding for year two. Sponsor groups can apply online or through the mail. Eligible repairs include general improvements, energy-efficiency upgrades or conversions, and modifications in support of persons with disabilities.

Implementation Funding is designed to allow customers to meet internal hurdle rates, such as payback periods and return on investment. Through the Power Smart Partner Program, you could receive funding for up to 60% of the incremental cost of lighting, mechanical, HVAC and other energy efficiency projects. The funding level is also based on a tiered approach, meaning projects that were previously too costly may now be eligible for richer incentives.