2008 Federal Budget: CTA
(February 26, 2008) -- Today’s federal budget
contains nothing of direct advantage to the trucking industry, although a few of
the measures may provide indirect benefit:
The Canada Border Services Agency will receive an
additional $75 million over two years to allow for increasing the agency’s
resources at the border. This is generally in line with CTA’s repeated
calls for more efficient border processing. Whether the $75 million will be
enough to make much of a difference remains to be seen.
The government will provide $6 million over two years
for federal activities to support provinces planning to introduce enhanced
drivers licences, which would incorporate additional security features for
recognition as a passport alternative at the land border.
The immigration system will receive $22 million over
two years, growing to $37 million per year. This will include legislation to
speed up the processing of permanent residence applications. This may be of
benefit to temporary residents wishing to stay in Canada after the expiry of
their residence permit.
The manufacturing and processing sector will receive a
three-year extension of the accelerated capital cost allowance on machinery and
equipment. The 50 percent straight line CCA rate will apply for one additional
year and the accelerated treatment will then apply on a declining balance over
two years.
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