Significant News for Hotel Investment in Canada
Today’s announcement of the federal Productivity Mega Deduction is significant news for hotel investors and operators in Canada. By expanding immediate expensing to a broader range of capital investments, the measure has the potential to improve the economics of hotel development, renovation, and reinvestment across the country.
We are encouraged to see the federal government advancing the types of tax measures Hotels Canada has been advocating for over the past 18 months, including enhanced capital cost allowance treatment to spur investment across the industry.
We are continuing to work with tax experts and federal officials to better understand the full implications of the proposal for our sector and look forward to sharing a more detailed assessment in the coming days.
Significant News for Hotel Investment in Canada
Today's announcement of the federal Productivity Mega Deduction is significant news for hotel investors and operators in Canada. By expanding immediate expensing to a broader range of capital investments, the measure has the potential to improve the economics of hotel development, renovation, and reinvestment across the country. We are encouraged to see the federal government advancing the type...
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