Carney's second budget will focus on tax reform to spur growth

Nov

Thursday

Ottawa

The budget lands Nov 5, and government sources say it will prioritize tax measures to boost investment, plus less red tape and help for small businesses. One source called it “a growth and competition budget”.

Mega-deduction, five-year cost

36.5 $ billion

The productivity mega-deduction announced last month is estimated to cost the treasury $36.5 billion over five years, and may be formalized in the budget.

The open question is whether Ottawa makes a big cut to personal or corporate income taxes. Finance Minister François-Philippe Champagne says cost of living comes first and growth second.

Canada · 6 d ago

Carney's second budget will focus on tax reform to spur growth

The productivity mega-deduction announced last month is estimated to cost the treasury $36.5 billion over five years, and may be formalized in the budget.

The open question is whether Ottawa makes a big cut to personal or corporate income taxes. Finance Minister François-Philippe Champagne says cost of living comes first and growth second.

Carney's second budget will focus on tax reform to spur growth

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