Prime Minister Mark Carney's government tabled its first budget Tuesday. Photo by JUNG YEON-JE/AFP via Getty Images

Prime Minister Mark Carney’s first budget is promising a suite of tax measures to help incentivize capital investment in Canada’s economy as the country remains mired in a trade war with its largest trading partner.

The government’s fiscal approach includes a target of reaching $500 billion in new private sector investments over the next five years.

Tuesday’s budget commits to several tax measures including immediate expensing for manufacturing or processing buildings that are acquired on or after Budget Day and used for manufacturing and processing before 2030. This means a 100 per cent first-year write-off of expenses.

The measure was an ask from the manufacturing s

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