A CAQ government would match Ottawa's 'Productivity Mega Deduction' for business, party says - Montreal Gazette

Canada’s tax system needs an overhaul. In this series, The Globe and Mail explores the bold policy choices that would attract capital, boost investment and raise Canadian living standards for generations to come. In front of an audience of hundreds of hand-picked global financial executives gathered in Toronto last month, Prime Minister Mark Carney unveiled the biggest swing Ottawa has taken in two decades to make Canada’s business tax regime more competitive. In his keynote speech at the Canada Investment Summit, Mr. Carney outlined what he called the “productivity mega deduction,” which will allow companies to immediately write off the cost of a wide range of new capital investments. The proposal has corporate Canada buzzing. Business groups have applauded the change, economists have generally given it a thumbs up (with caveats), and accountants are talking to clients about investment opportunities that were previously off the table.