Policy alert

Stephen Harper continues to review measures set out in last week’s budget: yesterday an EI credit for small businesses, today an extension of the capital cost allowance.

If re-elected, the Tories would offer a two-year extension of the capital cost allowance, which is currently set to expire at the end of the year.The program allows businesses to accelerate the timing of their capital cost deductions by 50%, deferring taxation and improving financial return on investments in new equipment and machinery.