Toronto Housing Market Tightens in July 2026
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Toronto Regional Real Estate Board (TRREB)
Toronto, Canada
July 2026
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Canada Announces 'Productivity Mega Deduction' for Business Investment
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%.