Accelerated investment incentive property
Accelerated investment incentive property
Property (other than property included in classes 54, 55 or 56) that:
- was acquired after November 20, 2018, but before 2025, and is considered available for use before 2028; or
- was acquired after 2024 and is considered available for use before 2034 (also known as "reaccelerated investment incentive property").
In addition, the property meets one of the following conditions:
- no capital cost allowance (CCA) was claimed for it by any person or partnership, including the trust, for a taxation year ended before the time of its acquisition by the trust;
- the property:
- was not acquired further to a rollover,
- has not already been the property of the trust and was not previously acquired by the trust,
- was not the property of (or acquired by) a person or a partnership with whom the trust was not dealing at arm's length when the person or the partnership owned (or acquired) the property.