The Canadian Government has announced that the Budget Implementation Act, 2019, No. 1 (Bill C-97) received Royal Assent on 21 June 2019. The Act implements a number of tax measures proposed in the Federal Budget 2019 ({News-2019-03-21/P/3-previous coverage}). As provided in the included summary, part 1 of the legislation implements certain income tax and related measures by:
- providing a temporary enhanced first-year capital cost allowance rate of 100% in respect of eligible zero-emission ve…