Mr. Speaker, the new capital cost allowance measure is a valuable tool for businesses to temporarily deduct 100% of the cost of new computers for the next two years. The measure will help to boost productivity through the faster adoption of new technology.
Businesses in all sectors of the economy will benefit from this incentive. It is yet one more way that our economic action plan allows businesses to strengthen their bottom line, leaving more room for investment, and positioning themselves for the future. It is the kind of short-term targeted tax relief that will help Canadian companies to get through this period of global uncertainty.
Our government is proud of this measure and the other steps we have taken in Canada's economic action plan to stimulate our economy, protect those hardest hit by the global recession, and ensure that we exit this global economic turmoil still the strongest in the G7, stronger than we went in, stronger for all Canadians.