Tech & Gadgets

Carney announces Productivity Mega Deduction tax incentive to spur business investment in Canada

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Prime Minister Mark Carney announced the 'Productivity Mega Deduction,' a new tax incentive designed to encourage businesses to invest in Canada by allowing immediate full deductibility for most new capital investments. This measure aims to make Canada the most competitive G7 country for business investment by significantly lowering the marginal effective tax rate. It is part of a broader strategy to attract $1 trillion in investment over five years.

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