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Canada Unveils Investment Tax Break

Canada will allow businesses to write off additional capital investments to make them more competitive at a time when the United States is aggressively cutting taxes, Finance Minister Bill Morneau said Wednesday. But Morneau, speaking as he unveiled a budget update that forecast a slightly smaller than predicted deficit for 2018-19, said Ottawa would not be slashing taxes to match aggressive moves by Washington. "If we were to do that, it would...

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