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Canada 2018 Fall Economic Statement Delivered Including Proposals for Immediate Deductions and Accelerated Allowances for Investments

|Proposed Changes|Canada
Canada

On 21 November 2018, Finance Minister Bill Morneau delivered the 2018 Fall Economic Statement speech to Canada's House of Commons. Through the statement, the government is proposing three main tax-related measures to support Canadian businesses, which include:

  • Improving competitiveness by allowing the full cost of machinery and equipment used in the manufacturing and processing of goods to be written off immediately for tax purposes;
  • Increasing investment in the clean technology sector by a…

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