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From the Financial Post: A proposal that allows U.S. companies to immediately deduct capital expenses would mark one of the biggest structural shifts in tax policy in decades

A proposal that would allow U.S. companies to immediately write off capital investments, part of a sweeping tax-reform plan announced by the White House last week, could put Canadian companies at a further disadvantage to their southern counterparts, tax experts say.

White House officials laid out their plans to overhaul the U.S. tax system in a nine-page document Sept. 27.

The document includes a proposal to significantly accelerate capital cost allowances for corporations, allowing U.S. firms to immediately deduct capital expenses for items such as computers, heavy machinery and other non-structure investments.

Read the full article from the Financial Post outlining implications for Canadian businesses here.


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