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Eight highlights from the Liberal government's fall economic update

^{Published on 2024-12-16 16:40:48 - The Globe and Mail}
 

• Business-focused tax incentives, $1.3-billion for the border over six years, and putting Terry Fox on the $5 bill

The Liberal government's fall economic update, as reported by The Globe and Mail, outlines several key initiatives aimed at addressing economic challenges and promoting growth. It includes a commitment to reduce the federal deficit to below 1% of GDP by 2026-27, introduces a new tax credit for clean electricity investments, and proposes a 15% refundable tax credit for clean technology manufacturing. Additionally, there's a focus on housing with plans to build more homes, including a new $15-billion loan program for rental construction. The update also extends the repayment deadline for small businesses' Canada Emergency Business Account loans, introduces a new dental care plan for low-income families, and addresses the rising cost of living with measures like a one-time grocery rebate. Furthermore, it aims to tackle inflation and labor shortages by investing in workforce development and providing support for workers in transitioning industries.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/politics/article-eight-highlights-from-the-liberal-governments-fall-economic-update/ ]

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