Canada announces new Productivity Mega Deduction for business investment
Mark Carney says the measure cuts Canada’s marginal effective tax rate on new business investment from 13% to 6.4%.
TLDR
Mark Carney announced Canada’s Productivity Mega Deduction on September 15, 2026. He said it cuts the country’s marginal effective tax rate on new business investment from 13% to 6.4%, which he described as the lowest of any major economy in the world.
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