Liberal government tables fall economic statement

Government House Leader Karina Gould tabled the Fall economic statement document — hours after Chrystia Freeland’s resignation showcasing a deficit for 2023-2024 at 61.9-billion-dollars.  That’s almost 22-billion-dollars more than forecast last spring.   The deficit is projected to fall to 48.3 billion-dollars for the current fiscal year.  Among the highlights of new measures included in the plan is a decision to reinstate a temporary change to the capital cost allowance.  That allows businesses to make larger tax deductions for capital costs up front.