Incentives for businesses part of federal economic update

On November 21, Federal Finance Minister Bill Morneau updated Canadians on the state of the national economy when he released the Fall Economic Statement (FES). 
 
The minister used the FES to highlight the government’s economic policies. The FES also lays the groundwork for the next Federal Budget.  
 
In response to growing concerns that business competitiveness is lagging in Canada as a result of tax and regulatory changes in the United States, Minister Morneau announced a number of measures to address business competitiveness, including incentives for greater investment in capital via changes to the capital cost allowance regime.  The government hopes that these measures will alleviate some competitiveness concerns.  
 
New measures announced in the FES include:
It’s expected that elements of the FES will be topics of discussion when the first ministers meet in Ottawa on December 7. It is speculated that the 2019 federal budget will be presented some time in March. The next federal election is scheduled for October.