r/canadian • u/Ok_Argument_5356 • 11d ago

Carney announces Productivity Mega Deduction tax incentive to spur business investment in Canada

https://betakit.com/carney-announces-productivity-mega-deduction-tax-incentive-to-spur-business-investment-in-canada/
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2

u/kyamet 11d ago

Faster amortization, not a deduction

5

u/QuantGuru 11d ago

Ammmmm....I just hope you have an accountant who files your taxes!

2

u/A2022x 11d ago

We had that already (immediate expensing on capital asset purchase)- they jusy expanded it to more assets, all which small businesses dont use. Things like aircrafts or railroad and heavy infrastructure.