CRA confirms that the accelerated investment incentive was available for assets that were in construction on the November 21. 2018 effective date
Enhanced first-year capital cost allowance claims were available on assets acquired after November 20, 2018 and that became available for use before 2028, under the accelerated investment incentive (AII). CRA indicated that, for this purpose, where an asset was under construction on November 20, 2018, it would consider an asset to be acquired after that point based, in general terms, on the construction costs incurred after that point.
Neal Armstrong. Summary of 2021 Alberta CPA Roundtable under “Accelerated Investment Incentive (AII)” under Reg. 1104(4)(a).