The Canadian government has released Budget 2025, outlining a comprehensive plan to mobilize one trillion dollars in total investments over the next five years. The initiative is aimed at driving innovation, boosting productivity, and creating high-paying jobs across the country.
At the center of the plan is a new Productivity Super-Deduction, which allows businesses to immediately expense investments in manufacturing equipment, clean energy technologies, and research capital. The Scientific Research and Experimental Development tax incentives have also been enhanced, making it easier for companies to innovate and grow.
Budget 2025 also introduces a Major Projects Office to fast-track nation-building infrastructure projects, from energy to transportation, while a new International Talent Attraction Strategy will bring top researchers and specialists to Canadian universities and industries.
Competition-focused measures in telecom and banking are included to ensure Canadians benefit from lower prices, better services, and more choices.
Combined, these steps aim to position Canada as the most tax-competitive country in the G7 for new business investment, while accelerating long-term growth and job creation. The government expects its $280 billion in spending and incentives to trigger over one trillion dollars in total public, private, and institutional investments.
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