Resources

Federal Support

Canadian Tax Code Capital Cost Allowance Classes.

EV charging stations can be classified at a higher rate than previous allowances. The new rates are:

• Class 43.1 with a CCA rate of 30% electrical vehicle charging stations (EVCSs) set up to supply more than 10 kilowatts but less than
  90 kilowatts of continuous power. This is for property acquired for use after March 21, 2016, that has not been used or acquired for use before
  March 22, 2016.
• Class 43.2 with a CCA rate of 50% electrical vehicle charging stations (EVCSs) set up to supply 90 kilowatts and more of continuous
  power. This is for property acquired for use after March 21, 2016, that has not been used or acquired for use before March 22, 2016.

This is useful for businesses that wish to claim depreciation expenses for Federal income taxes.

Capital Cost Allowance Classes