Canada's Federal Budget 2019 was tabled by Finance Minister Bill Morneau on 19 March 2019. The main business-related tax measures proposed in the Budget are summarized as follows:
Business Investment in Zero-Emission Vehicles
Budget 2019 proposes to provide a temporary enhanced first-year capital cost allowance (CCA) rate of 100% for zero-emission vehicles. A limit of CAD 55,000 (plus sales taxes) on the amount of CCA deductible will apply in respect of each zero-emission passenger vehicle…