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.
Metro Vancouver residents are eligible to receive a rebate for trading in their old uncertified wood burning appliance for a new low emission appliance.
The rebate amount is:
Step 2 – Shop
When you are ready to shop for your new low-emission appliance, visit a participating retailer (see section below) to arrange purchase.
Step 3 – Obtain permits
Contact your municipality about obtaining a building permit for the installation of your new appliance. Also, before you exchange your old wood burning appliance, it is recommended that you contact your insurance company to find out if there are any savings associated with the exchange of your old appliance. Also, you may need to confirm if your insurance company imposes any additional requirements, such as an inspection by a WETT (Wood Energy Technical Training) certified technician, for the installation of the new appliance.
Step 4 – Fill out paperwork and disable & recycle your old appliance
Your retailer will help you to fill out the necessary paperwork and also with the disabling & recycling of your old wood appliance. If preferred, residents can disable and recycle their old appliance on their own, however, prior to beginning these steps you must contact the Metro Vancouver Coordinator or your retailer for important information on the proper procedure.
Step 5 – Receive your rebate
The rebate amount is:
The retailer will help you ensure all the required paperwork and documentation is forwarded to Metro Vancouver for verification and processing. Please note that it may take up to 8 weeks, once the completed paperwork has been submitted, before you receive your Metro Vancouver rebate cheque via Canada Post.
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).Only one rebate available per household, and rebate will be applied to electrical utility bill.
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.
Includes a forced air furnace with an AFUE rating of 90 per cent or higher, a boiler with an AFUE rating of 85 per cent or higher, or a condensing combination system used for both space and water heating.
Available at the Township's Civic Facility, Operations Centre, or your local Recreation Center.
For more information, contact the Environmental Coordinator at 604.533.6082 or firstname.lastname@example.org.
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.
To access grants, homeowners must have a Home Energy Assessment with a Certified Energy Advisor before and after renovations.
The Energy Assessment includes:
For single family homes, row houses, and mobile homes on permanent foundations.
To book an Energy Assessment with City Green, the only non-profit provider of the LiveSmart BC incentive, call 1.866.381.9995 or book online.