Canada highlights Budget 2026 productivity mega deduction

The Government of Canada has announced the Productivity Mega Deduction in Budget 2026 and highlighted it during a ministerial visit to Solace Power in Mount Pearl, Newfoundland and Labrador.

• Minister Joanne Thompson met with Solace Power in Mount Pearl, NL on November 13, 2026 to promote the new tax measure, which allows businesses to immediately write off the full cost of a broader range of capital assets.
• The release says the deduction expands immediate expensing to more than 65% of business investment on a permanent basis and will reduce Canada’s METR from 13% to 6.4%, while Budget 2026 also references the Canada Electricity Strategy, nuclear energy, and critical minerals investments.