Generally, eligible property includes short-term assets such as equipment, furniture and fixtures, leasehold improvements, and computer hardware and software. Long-term assets such as goodwill and building improvements are not eligible property for the purposes of the immediate expensing rules.
What property qualifies for immediate expensing? Designated Immediate Expensing Property (“DIEP”) generally includes all depreciable capital property, other than property included in Capital Cost Allowance (CCA) classes 1 to 6, 14.1, 17, 47, 49 and 51.