WINNIPEG, MB, Nov. 13, 2026 /CNW/ -- In a world reshaped by geopolitical competition, protectionism, and rapidly evolving technologies, Canada stands apart. Our abundant natural resources, clean and reliable energy, world-class talent, strong public finances, and access to global markets give us a clear competitive advantage. These foundations are yielding results: investment is growing across Canada, major projects are being built, and businesses are reaching new markets at home and abroad.

Today, the Parliamentary Secretary to the Leader of the Government in the House of Commons, Kevin Lamoureux, held an event at Fort Garry Fire Trucks in Winnipeg to highlight the new Productivity Mega Deduction in Budget 2026: Masters of our destiny. 

Building on the Productivity Super Deduction introduced last year, the Productivity Mega Deduction allows businesses to immediately write off the full cost of a broader range of capital assets, expanding immediate expensing to more than 65% of business investment, on a permanent basis. It will support businesses of all sizes, from small businesses investing in new equipment and technology to growing companies expanding their operations and larger firms making major investments. This gives businesses the certainty they need to make investment decisions, offering greater cost efficiency, competitiveness, and simplicity.

With the Productivity Mega Deduction, Canada's marginal effective tax rate (METR) on new business investment will fall from 13% to 6.4% – the lowest in the G7 and less than half the rate in the United States. That makes Canada more tax competitive than the U.S. across all major sectors of the economy.

The Productivity Mega Deduction will give businesses of all sizes a stronger incentive to invest, expand and produce more in Canada, helping drive productivity, create jobs and strengthen economic growth.

Budget 2026 is an ambitious plan to meet this moment and shape Canada's economic future: building on our strengths, driving investment, boosting productivity, diversifying our trade, creating good jobs, and making life more affordable for Canadians.

Budget 2026 catalyses growth:

• It mobilises private capital, accelerates Canada's Investment Supercycle, and sets the stage for long-term growth and a stronger, more sovereign Canada.
• It introduces measures to improve competitiveness that will help Canadian businesses, startups and innovators scale and commercialise at home, while the Canada Growth Incentive will mobilise more Canadian capital behind Canadian companies.
• It proposes major tax policy changes, the new Productivity Mega Deduction and the Canada Strong Fund to help make Canada the destination of choice for global investors.
• It provides funding for the Canada Electricity Strategy to double grid capacity by 2050 to meet growing demand, while accelerating electrification, grid modernisation, and clean power expansion.
• It makes investments in nuclear energy and critical minerals that will create high-paying jobs for Canadians, grow exports, and strengthen Canada's position as a global energy superpower.

Quote: 

"The Productivity Mega Deduction is one of the most significant changes to Canada's business tax system in decades. It represents a new paradigm for investment in our country and will help create the conditions for an extended period of higher investment – Canada's Investment Supercycle – and unlocking new investment at a scale we haven't seen for generations. The Productivity Mega Deduction will help Canadian businesses of all sizes expand and create high-paying careers and a stronger, more productive and more resilient economy."

-  The Honourable François-Philippe Champagne, Minister of National Finance and National Revenue.

"The new Productivity Mega Deduction is a game changer for local businesses here in Winnipeg, fueling growth, innovation, and job creation in our community. It puts immediate tax savings back into their hands so they can upgrade, expand, and thrive."

-  Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Related products

• Budget 2026: Masters of our destiny
• Remarks by the Minister of Finance and National Revenue
• Budget 2026 – Key Measures

SOURCE Parliamentary Secretary to the Leader of Government in the House of Commons