for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

Canada unveils investment tax break, C$18.1 bln budget deficit forecast

OTTAWA, Nov 21 (Reuters) - Canada will allow businesses to write off more of their capital investments to make them more competitive, Finance Minister Bill Morneau said on Wednesday as he unveiled a budget update that projected a C$18.1 billion deficit for 2018-19.

The projected deficit for this fiscal year was smaller than a revised C$18.8 billion projection in the February budget. (Reporting by David Ljunggren; Writing by Fergal Smith; Editing by Peter Cooney,)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up