Carney says investment tax incentive expansion is a “mega deduction”

By Lauren Krugel

The Canadian Press

Posted September 15, 2026 3:04 pm

1 min read

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The federal government is expanding a tax incentive aimed at boosting new business investment.

Prime Minister Mark Carney announced the “productivity mega deduction” during the Canada Investment Summit underway in Toronto, building on a measure introduced in budget 2025.

Ottawa is making immediate expensing permanent on a broader range of investments in a move that’s expected to have a fiscal cost of $36 billion over five years, starting this year.