Politics
Canada will extend immediate tax write-offs to a range of investments
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Canada announced expanded immediate expensing for pipelines and aircraft, alongside long-term airport operating concessions to attract private investment while retaining government asset ownership.
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PM Carney says Canada is seeking private investment through long-term concessions to operate the country's four largest airports. Carney said the Canadian government will retain ownership of the relevant land and assets. Canada will expand immediate expensing to cover additional investments, permitting accelerated depreciation deductions for pipelines and aircraft.
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