Canada’s Big Boost for Business Investment | Calgary News

Canada’s fiscal health is looking strong as Prime Minister Mark Carney announces the nation will balance its operating budget a full year ahead of schedule — and still maintain the lowest deficit in the G7. To further fuel economic growth, Ottawa is rolling out a major upgrade to its business investment tax break, expanding the “productivity mega deduction” so companies can now write off over 65% of new equipment costs immediately — up from just 15%. This slashes Canada’s effective tax rate on new investments from 13% to 6.4%, with $36 billion committed over five years. It’s a bold move to incentivize business spending and turbocharge the economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://globalnews.ca/news/12060216/mark-carney-tax-incentive-expansion/ More coverage & latest updates:https://sources.thednn.ai/59ec5b6393f2da99 Report issues to [email protected].