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Canada's Carney Expands Tax Breaks for Most New Capital Investing
Source: Bloomberg
Tax & TariffsFiscal Policy & BudgetEnergy Markets & PricesCommodities & Raw MaterialsInfrastructure & Defense
Canadian Prime Minister Mark Carney expanded the scope of a major investment tax write-off to cover oil and gas pipelines, mining property and additional assets. The measure is designed to encourage capital investment in Canada’s energy, infrastructure and resource sectors, improving after-tax project economics for affected companies.
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