business
Carney's second budget unveiled Thursday with affordability and business tax measures
Prime Minister Mark Carney's second federal budget is set for Thursday, as Canada continues to operate under a trade war with the United States. A senior government source says the budget will include new affordability measures, business tax incentives, and investments in infrastructure, defence and culture. It will also detail plans for private investment in Canada's four biggest airports and how the government will balance the operational budget a year early. Finance Minister François-Philippe Champagne says the budget will simplify the tax system for small and medium-sized businesses. The Canadian Federation of Independent Business wants the small business tax rate cut from nine per cent to six per cent. Inflation rose to 3.1 per cent in September, and a Parliamentary Budget Office report projects public debt charges will reach $83 billion by 2030-31.
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Carney's second budget unveiled Thursday with affordability and business tax measures
Prime Minister Mark Carney's second federal budget is set for Thursday, as Canada continues to operate under a trade war with the United States. A senior government source says the budget will include new affordability measures, business tax incentives, and investments in infrastructure, defence and culture. It will also detail plans for private investment in Canada's four biggest airports and how the government will balance the operational budget a year early. Finance Minister François-Philippe Champagne says the budget will simplify the tax system for small and medium-sized businesses. The Canadian Federation of Independent Business wants the small business tax rate cut from nine per cent to six per cent. Inflation rose to 3.1 per cent in September, and a Parliamentary Budget Office report projects public debt charges will reach $83 billion by 2030-31.