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Canada launches Productivity Mega Deduction to boost business investment

New tax deduction encourages Canadian businesses to invest and grow.

Official announcement: · Source reviewed: 2026-11-04

Automatically summarized and translated, with automated source and language checks. Read the original before acting.

Overview of the Productivity Mega Deduction

The deduction allows immediate full cost write-offs on over 65% of assets, lowering tax rates and promoting investment.

Official sources · IRCC

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