
Budget breaks for business: Leeann Watson, CE Business Canterbury
Canterbury businesses can benefit from announcements in the recent Budget.
Budget 2025 makes meaningful progress where it counts for Canterbury businesses, providing a platform for growth, helping rein in inflation and beginning to chip away at our infrastructure deficit.
The centrepiece ‘Investment Boost’ initiative will provide a great platform for businesses to activate their growth plans, knowing they can reduce the financial impact at a time when cash is still tight. It will mean that for any purchase of productive assets (with some exclusions), 20% can be deducted from taxable income in that tax year, on top of standard depreciation.
As a growing region, Canterbury has a real opportunity to lead New Zealand’s economic recovery, but only if we have the infrastructure to enable that. Further investment in roading and rail is essential as the economy returns to growth mode.
Business Canterbury will continue to advocate for an environment that better enables productivity, innovation and sustainable growth.