The federal government has announced changes to Canada’s business tax system that it says will make it easier for companies to invest in equipment, infrastructure and technology, including the agriculture sector. Minister of Agriculture and Agri-Food Canada (AAFC), Heath MacDonald, highlighted the new Productivity Mega Deduction while visiting Allan Equipment Manufacturing Ltd. in Charlottetown, P.E.I….
The federal government has announced changes to Canada’s capital cost allowance system that will allow businesses to deduct the full cost of more capital investments in the year they are purchased and put to use. Called the Productivity Mega Deduction, the measure expands the type of assets that qualify for immediate expensing, building on provisions…
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