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