Carney Touts Corporate Tax 'Mega Deduction,' Airport Investments at Summit

Carney Broadens Tax Break for New Investments Including Pipelines, Mining

Prime Minister Mark Carney speaks during a news conference at the 2026 Canada Investment Summit in Toronto, on Sept. 15, 2026. THE CANADIAN PRESS/Nathan Denette

Carney unveils ‘mega’ tax deductions for businesses that invest in Canada

The ‘productivity mega deduction’ comes as Carney has vowed to attract $1 trillion in new investment.

Carney touts corporate tax 'mega deduction,' airport investments at summit

At the first Canada Investment Summit Prime Minister Mark Carney announced early $500 billion in new investment commitments to Canada, a new productivity ‘mega deduction,’ which will allow businesses to deduct the cost of a much broader range of assets right away and that the feds will seek private investment through long-term concessions to operate Canada’s four largest airports. Hosted in partnership with the Canada Pension Plan Investment Boa…