Canada Announces 'Productivity Mega Deduction' for Business Investment
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Prime Minister Mark Carney, Canadian Government
Toronto, Canada
September 15, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 19/16/2026, 5:11:15 AM
Prime Minister Mark Carney introduced a permanent tax deduction allowing immediate write-offs for business assets. The measure aims to boost productivity and attract global investment, costing an estimated $36-billion over five years. Eligible investments include equipment, infrastructure, and software, with the effective tax rate expected to drop to 6.4%.
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