BackgrounderVerified source

Government of Canada introduces new Productivity Mega Deduction to boost Canada’s advantage as the most competitive G7 country for new business investmentGovernment of Canada introduces new Productivity Mega Deduction to boost Canada’s advantage as the most competitive G7 country for new business investment

Department of Finance Canada

Government of CanadaSep 15, 2026Canada

Official material by Department of Finance Canada. Source verification, organization, topic classification, and coverage analysis by the Canada Newsroom editorial desk.

AlertOpen source

Backgrounder

At a glance

To boost business investment, enhance certainty and simplicity for businesses, and strengthen Canada’s tax competitiveness, the Government of Canada proposes to implement the Productivity Mega Deduction, which will provide immediate expensing for a broad-based range of depreciable property on a permanent basis. Immediate expensing allows taxpayers to fully write off the cost of an investment in the year that it becomes available for use. This powerful investment incentive will create the conditions for an extended period of higher investment—a Canadian investment supercycle.

To boost business investment, enhance certainty and simplicity for businesses, and strengthen Canada’s tax competitiveness, the Government of Canada proposes to implement the Productivity Mega Deduction, which will provide immediate expensing for a broad-based range of depreciable property on a permanent basis.

Unlock Article Framing

Unlock Newsroom Intelligence

Follow this backgrounder in context

Unlock Article Framing

Unlock Newsroom Intelligence

Related coverage

Coverage search temporarily unavailable

Unlock Article Framing

Unlock Newsroom Intelligence

More from this institution

Related topic records

Related coverage

Coverage search temporarily unavailable

Unlock Article Framing

Unlock Newsroom Intelligence