Canada highlights Productivity Mega Deduction in Budget 2026

The Privy Council Office announced that Kevin Lamoureux held an event in Winnipeg to highlight the new Productivity Mega Deduction in Budget 2026.

• The measure allows businesses to immediately write off the full cost of a broader range of capital assets, expanding immediate expensing to more than 65% of business investment on a permanent basis.
• The announcement says Canada’s METR on new business investment will fall from 13% to 6.4%, and notes related Budget 2026 measures including the Canada Growth Incentive, Canada Strong Fund, Canada Electricity Strategy, and investments in nuclear energy and critical minerals.