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المشهد العربي
Canada boosts competitiveness with expanded tax deduction
The Canadian government is playing a role in enhancing its investment competitiveness by expanding the accelerated tax deduction to include oil and gas pipelines, mining assets, aircraft, fiber optic cables, and locally manufactured passenger vehicles. This allows companies to immediately deduct a portion of their capital expenditures and reduces the marginal tax rate to 6.4%, the lowest among the G7 countries and roughly half the rate in the United States. The goal is to stimulate investments and facilitate financing in the resource and energy sectors.
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