It is actually a pretty good one.
However, once firms take advantage of the program, in the year the equipment is expensed, there may be no Canadian federal income tax paid. When that happens watch left-wing Canadians scream about how corporations are not paying their fair share.
I mentioned this in a post awhile back about Canada’s GDP debt ratio between their government, businesses, and individuals.
Their federal debt ratio isn’t bad, but the other two are on the high end.
Carney is willing to burn some of that federal credit up and try to do something positive for his business sector & by extension his people.
Exactly! Tax breaks for the rich!