Administered by Government of Canada · Last verified: July 2026
Deduct the cost of intangible business assets like customer lists, licenses, franchises, and goodwill at 5% per year on a declining balance. It helps offset the cost of buying a business.
The official program page moved or was archived. The link points at the issuing organization. Please verify program details before applying.
You claim this on your tax return, so the money comes back as a lower tax bill or a refund after you file. If you missed it in a past year, you can often still recover it by adjusting a prior return.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityEligible Capital Property Deduction (Class 14.1) is generally open to incorporated, self-employed, partnership businesses, in any province or territory. Confirm the full criteria on the official program page before applying.
The estimated value is 5% of eligible capital costs per year. The actual amount depends on your eligible costs, the program's budget, and approval.
Claimed on a return, so a missed year can usually be recovered by amending. How far back depends on whether you file personally or as a corporation; confirm the eligible years with your accountant.
1. Identify eligible intangible assets in your business 2. Record at cost on acquisition 3. Claim 5% per year (or 10% in year of acquisition) 4. Report on Schedule 8 of your tax return
Annual: claim on your tax return.