Federal budget to include strategy, tax changes for business: sources

OTTAWA — The upcoming federal budget will feature a broad new strategy to boost the performance of Canadian business, including measures to allow companies to write off their new machinery and other capital costs more aggressively, National Post has learned.

Government sources confirmed that the budget, to be unveiled next week, will take aim at Canada’s lagging productivity and competitiveness, while reducing the risk and uncertainty of corporate investment.

The new strategy, largely a response to Canada’s tariff battles with the United States and China, will include changes to the provisions for capital cost allowance (CCA). The CCA changes will allow businesses to be more aggressive in accounting for the depreciation of capital costs, such as the purchases of buildings, machinery, veh