Justin Trudeau is offering tax breaks to business instead of cutting Canada's deficit, as his Liberal government uses a revenue windfall to keep pace with U.S. tax reform.
Trudeau's finance minister, Bill Morneau, unveiled corporate tax breaks worth 14 billion Canadian dollars ($10.5 billion) over six years in a fiscal update Wednesday in Ottawa, the government's biggest support for businesses since taking power.
The changes — which allow businesses to write off capital investments more quickly, particularly in manufacturing — are aimed at responding to widespread warnings on competitiveness, which grew louder after President Donald Trump's tax reform.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.