Carney Spent Oil Windfall on Tax Write-off, Budget Watchdog Says

Canada’s budget watchdog says new federal measures, including a major tax incentive for businesses, have more than offset a surge in revenues driven largely by higher energy prices.

By Nojoud Al Mallees and Erik Hertzberg · Bloomberg Markets

Canada’s budget watchdog says new federal measures, including a major tax incentive for businesses, have more than offset a surge in revenues driven largely by higher energy prices.