Quarterly Market Update
She's On The Money
00:00
The Commonwealth Brent Assistant and the Instant Asset Write Off
CRA payment is actually going to increase by 15%. And in a world where our inflation rate is sitting at 7%, like that's probably pretty welcome. Small business owners can take advantage of this measure to buy multiple assets, which is kind of good back. This year they're scrapping the instant asset write off for cars. So it's not completely scrapped, but it goes back down to that $20,000 mark. Right now you can write off a car for up to $59,000 each financial year. That's going to be scrapped on the 30th of June.
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