Bloomberg: Prime Minister Mark Carney is expanding the scope of a major investment tax write-off, adding oil and gas pipelines, mining property and more to the list of assets eligible for accelerated deductions in Canada.
…A number of those projects would now qualify for immediate expensing of some of their capital spending, under the new rules. It’s one of the most significant changes in decades to the tax treatment of business investments in Canada, and is poised to ease the income tax burden for many companies…