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CANADA’S NEW "PRODUCTIVITY MEGA DEDUCTION": WHAT THE PROPOSED 100% WRITE-OFF MEANS FOR FALL PURCHASES

CANADA’S NEW "PRODUCTIVITY MEGA DEDUCTION": WHAT THE PROPOSED 100% WRITE-OFF MEANS FOR FALL PURCHASES

The Department of Finance has released draft legislation proposing a permanent 100% immediate Capital Cost Allowance (CCA) deduction for eligible productive assets acquired on or after September 15, 2026. Designed to accelerate business investment, this new write-off applies to machinery, software, greenhouses, Canadian-assembled fleet vehicles, and oilfield equipment, while excluding buildings and goodwill. For Alberta business owners, this policy offers substantial tax savings at both the 11% small…

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