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Canada (English)
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Canada (English)
EN
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Designated immediate expensing property (DIEP) is property that:
- is immediate expensing property (see definition below) of the eligible person or partnership (EPOP)
- is designated on a prescribed form the EPOP files with the minister for the tax year on or before the day that is 12 months after the EPOP's filing due date for the tax year to which the designation relates
- became available for use by the EPOP in the current year
This TurboTax Canada FAQ has information on Accelerated Investment Incentive (AII): Accelerated Investment Incentive
If you are unsure if this asset qualified for DIEP, you can contact the Canada Revenue Agency (CRA) and confirm it with them.
If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency
