Northeast

You might acquire a depreciable property such as a building, furniture, or equipment to use in your business or professional activities.

You cannot deduct the cost of the property when you calculate your net business or professional income for the year.

However, since these properties wear out or become obsolete over time, you can deduct their cost over a period of several years. The deduction for this is called capital cost allowance (CCA)

For more information please see the Claiming Capital Cost Allowance (CCA) webpage.

BC Hydro and FortisBC have teamed up to help provide you with a $75 rebate for purchasing an ENERGY STAR washing machine. In addition to that, you could save money on your energy bills, because ENERGY STAR models use less mechanical energy and less water.

To learn about the application process and find out more information, please go to either the FortisBC ENERGY STAR Clothes Washer Rebate webpage, or the BC Hydro Power Smart Appliance Rebate Program webpage.

Purchase an EnerChoice fireplace between June 1, 2011 and May 31, 2012 with an EnerGuide™ label that tells you how energy efficient it is, and you could be eligible for a $300 rebate from FortisBC.

For more information, please visit the EnerChoice Fireplace Program webpage.

FortisBC is also still accepting applications for the $150 rebate for qualifying fireplaces purchased and installed between July 1, 2010 and May 31, 2011.

Change your oil or propane heating system to natural gas, and install a new ENERGY STAR rated high efficiency heating system and you may qualify for a $1,000 cash rebate.

Also, you could be eligible for $50 more with an electronically commutated motor (ECM), with the rebate being supplied by either BC Hydro or FortisBC PowerSense.

LiveSmart BC offers grants for energy efficiency upgrades for heating, hot water, insulation, windows and doors, ventilation, and draft proofing for your home.

For more details, see the LiveSmart BC Efficiency Incentive Grant Chart.

If you've recently purchased-or are planning to purchase-an energy efficient product or service for your home, you could qualify for the RBC Energy Saver Loan.

This innovative and "green" financing solution can help you create a more energy efficient home faster while saving on your borrowing costs.

This program is no longer in effect.

Through Canada’s Economic Action Plan, the Government of Canada announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

As of February 1, 2010, CMHC is accepting applications from eligible project sponsors for the remaining $75 million funding for year two. Sponsor groups can apply online or through the mail. Eligible repairs include general improvements, energy-efficiency upgrades or conversions, and modifications in support of persons with disabilities.