March 29, 2022

Section 12B of the Income Tax Acts!

Section 12B Allowance for renewable energy: How does the allowance work? Section 12B(1) and (2) of the Income Tax Act provides for a 50/30/20 income tax deduction in respect of certain machinery or plant owned by the taxpayer and which was or is brought into use for the first time by that taxpayer, for the […]