Canada proposes new Productivity Mega Deduction
On Sept. 15, 2026, the federal government announced a proposed Productivity Mega Deduction (PMD) that would significantly expand immediate expensing for capital investments by Canadian businesses. The announcement stems from the inaugural Canada Investment Summit, where Prime Minister Mark Carney unveiled broader measures to encourage domestic and foreign investment. Draft legislative proposals released with the announcement provide important details regarding eligible taxpayers, qualifying property and applicable limits. Providing further context on…

