As the automotive industry shifts toward electric vehicles (EVs), Canadian dealerships have a prime opportunity to help small businesses benefit from the government’s Accelerated Capital Cost Allowance (CCA) incentive. This incentive allows businesses to deduct up to 75% of an EV's purchase price as a taxable expense, significantly enhancing financial feasibility over leasing options. Dealerships can better support various industries such as delivery services, real estate, and tradespeople by highlighting ownership advantages, encouraging the transition to zero-emission vehicles, and ultimately fostering stronger customer relationships in the process.
The Canadian government's accelerated Capital Cost Allowance (CCA) program encourages the adoption of zero-emission vehicles by allowing small businesses to deduct a portion of an EV's purchase price.
This program greatly benefits contractors, real estate professionals, delivery businesses, and rideshare drivers, helping reduce taxable income and lower operational costs.
By integrating the CCA incentive into their sales strategies, Canadian dealerships can bolster relationships with small businesses and drive greater EV adoption.
Eligible vehicles include passenger EVs with specific battery requirements and those used for short-term rentals or freight-hauling, making this initiative expansive.
Collection
[
|
...
]