MNP just last week said it STILL is not law, budget not passed. Wait for the TURD!
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Federal Budget 2021 speech & ACCELERATED DEPRECIATION FOR FARMERS.
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The discussion around this really should be minimal to me. Unless you are like S3 and pay cash for everything there is no real major benefit. You are not getting anything more than before other than a quick deduction and a future tax issue down the road.
The way I look at it, if you take the deduction, make sure you take a large inventory adjustment to get to $500,000 or even $600,000 this year, especially in Sask.
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