As part of the federal government’s efforts to encourage investment in Canada, Prime Minister Mark Carney announced the new Productivity Mega Deduction on September 15, 2026 at the inaugural Canada Investment Summit.1 The proposed measure would allow taxpayers to immediately write off most eligible depreciable property acquired on or after September 15, 2026, in the year the property becomes available for use, rather than deduct the cost over a number of years under the capital cost allowance...
