Canada's Department of Finance announced the Productivity Mega Deduction tax incentive on 15 September 2026, which allows businesses to immediately deduct 100% of the cost of most eligible new capital investments in the year they become available for use. The Productivity Mega Deduction is essentially an expansion of the Productivity Super-Deduction introduced as part of Budget 2025. While the Super-Deduction provided immediate tax expensing for about 15% of capital asset investments, the Me…