Canada’s New Business Tax Deduction 2026: What Businesses Should Know

warehouse with hightech equipment in Canada

The federal government has announced a proposed Productivity Mega Deduction, which would expand the types of business assets eligible for a full first-year tax deduction. Announced by Prime Minister Mark Carney at the Canada Investment Summit in Toronto, the proposal builds on measures introduced in Budget 2025. The government says it would expand eligibility from … Read more

New Ontario Alcohol Sales: Ontario Accelerates Alcohol Sales Expansion to Corner Stores and Supermarkets

Ontario Premier Doug Ford has announced a new deal to accelerate the plan for selling beer, wine, and ready-to-drink cocktails in corner stores and additional supermarkets, set to start on September 4, 2024. This move, 16 months ahead of the original timeline, will cost the province up to $225 million to compensate The Beer Store, … Read more