Canada Unveils Permanent Tax Incentive to Boost Investment
Prime Minister Mark Carney announced a permanent tax incentive allowing businesses to immediately write off capital investments. The move aims to cut Canada's effective tax rate and draw global investors amid US trade tensions.
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Canada unveiled a permanent tax incentive allowing businesses to immediately write off capital investments, aiming to draw foreign capital. The policy cuts the marginal effective tax rate to 6.4%, undercutting the United States. Prime Minister Mark Carney is courting global investors to navigate trade headwinds and fund 160 major projects.
