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A Plan to Protect Ontario
Source: Ontario - Ministry of Finance
Date: 2026-10-29 18:10:00.0
Tags: [Ontario, Economy, Taxation, Finance, Trade, Industry]Ontario Minister of Finance Peter Bethlenfalvy released the 2026 Ontario Economic and Fiscal Review: A Plan to Protect Ontario, projecting a deficit of $16.9 billion in 2026-27 and a return to a balanced budget in 2029-30. The fiscal plan features an $8 billion Ontario Competitiveness Tax Cut tied to the federal Productivity Mega Deduction, an $8.7 billion Canada-Ontario action plan targeting the steel, automotive, and critical minerals sectors, and nearly $30 billion in cumulative tariff relief and business supports implemented since April 2025. Additionally, the government committed to streamlining 35 to 50 percent of the province's 375 business-facing permits by the end of 2028 and restoring capital expenditures as eligible under the Ontario Research and Development Tax Credit and Ontario Innovation Tax Credit to provide over $50 million in tax support over three years.
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Province Announces $8 Billion Ontario Competitiveness Tax Cut to Support Investment and Create 30,000 Jobs
Source: Ontario - Ministry of Finance
Date: 2026-10-28 14:08:00.0
Tags: [Ontario, Taxation, Economy, Finance, Trade, Industry]The Ontario Ministry of Finance announced the $8 billion Ontario Competitiveness Tax Cut as part of its multi-year Tax Action Plan to counter U.S. tariffs and lower business investment costs. Administered as the provincial counterpart to the federal Productivity Mega Deduction, the policy allows eligible businesses to immediately write off 100 per cent of capital investments in assets such as fibre-optic cables, software, aircraft, machinery, and patents. The measure is projected to drive at least $11 billion in new capital investment, add $6 billion to the provincial GDP, and support the creation of 30,000 new jobs over five years. Combined with prior initiatives from Budget 2026, total business tax relief will exceed $12 billion over five years, reducing Ontario's Marginal Effective Tax Rate to 3.6 per cent.
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Industry leader lauds Edmonton's proposed industrial investment plan
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-10-21 20:53:29.0
Tags: [Alberta, Municipal, Economy, Taxation, Industry, Infrastructure]The City of Edmonton is considering a new industrial investment plan during its upcoming four-year budget deliberations to stimulate non-residential tax growth and job creation. Proposed incentives include a 25 per cent property tax forgiveness for three years for new industrial builds—costing the city roughly $1 million annually while opening up 15 hectares of land per year—and a $23 million four-year 'first mover' plan allowing developers to apply for municipal infrastructure cost reimbursements. Panattoni Development vice-president Mark Edwards lauded the initiatives, noting they will help overcome investment freezes and competition from surrounding municipalities with lower service costs. Currently, only 2.6 per cent of Edmonton's industrial land is shovel-ready, falling short of the city's 4.5 per cent target.
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Small Businesses are the Backbone of Saskatchewan's Economy
Source: Saskatchewan - Government News
Date: 2026-10-21 02:00:00.0
Tags: [Saskatchewan, Economy, Taxation, Industry, Labour]The Government of Saskatchewan recognized Small Business Week for October 19 to 25, 2026, and released the Saskatchewan Small Business Profile by the Ministry of Trade and Export Development. The report notes that the province is home to 156,850 small businesses (defined federally as having fewer than 50 employees), which accounted for 98.8 percent of all businesses in 2025, employed approximately 30 percent of the provincial workforce, and provided over $8.3 billion in wages and salaries. The province maintains a permanent small business tax rate of 1 percent and has increased the small business income threshold from $500,000 to $600,000.
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Ontario Celebrates Small Business Week
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-10-19 14:00:00.0
Tags: [Ontario, Economy, Taxation, Finance, Industry, Labour]In recognition of Small Business Week, Associate Minister Nina Tangri highlighted that Ontario's over 500,000 small businesses employ nearly 2.5 million people. The 2026 Ontario Budget cut the small business corporate income tax rate from 3.2 per cent to 2.2 per cent, providing $1.1 billion in relief and up to $5,000 in annual savings to over 375,000 small businesses. Additionally, the government is investing a record $49 million over the next three years in the Ontario Small Business Advisory Centres (OSBACs) network across more than 50 locations, alongside ongoing investments in Futurpreneur and Summer Company.
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N.W.T. industry minister makes case for new federal mining incentives
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-15 10:00:00.0
Tags: [National, Mining, Resources, Taxation, Industry, Economy]Northwest Territories Minister of Industry, Tourism and Investment Caitlin Cleveland lobbied the federal government in Ottawa to enact two new mining incentives: a 15 per cent stackable North of 60 Mineral Exploration Tax Credit for the three northern territories, and the inclusion of zinc as an eligible mineral under the 30 per cent clean technology manufacturing investment tax credit. Cleveland and N.W.T. and Nunavut Chamber of Mines CEO Paul Hébert argued these credits are essential to counter stiff global competition and revive northern mining activity amid closing diamond mines. Proponents of the PC Silver and Pine Point mines indicated that adding zinc to the clean technology tax credit would unlock projects capable of generating 1,000 construction jobs and 600 operational positions.
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Ontario Investing $49 Million to Strengthen Supports for Small Business
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-24 14:00:00.0
Tags: [Ontario, Economy, Taxation, Industry, Finance]The Ontario government is investing a record $49 million over three years into the Ontario Small Business Advisory Centres (OSBAC) network—formerly known as Small Business Enterprise Centres—to provide business support services across more than 50 locations. Backed by Associate Minister of Small Business Nina Tangri, the funding aims to help entrepreneurs navigate economic uncertainty and U.S. tariffs by streamlining access to one-on-one consultations, advisory services, and provincial programs like Summer Company, Starter Company Plus, and Succession Ontario. This initiative is part of a broader economic plan that also includes cutting the small business corporate income tax rate from 3.2 percent to 2.2 percent, saving over 375,000 small businesses up to $5,000 annually and providing $1.1 billion in total tax relief over three years.
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Ottawa’s giant tax write-off could win over investors for oilsands carbon storage project: industry
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-15 23:36:03.0
Tags: [National, Alberta, Energy, Environment, Taxation, Industry]Prime Minister Mark Carney proposed a productivity mega deduction at the Canada Investment Summit in Toronto, allowing businesses to deduct the full cost of new equipment and long-term assets in their first year. Industry representatives from the Pathways Alliance, including President Kendall Dilling, stated this federal tax policy addresses a crucial hurdle for financing the alliance's multi-billion-dollar carbon capture and storage project in Alberta. The Pathways Alliance project aims to cut approximately six million tonnes of emissions annually and is targeting a November 15 memorandum of understanding deadline for final binding agreements, with pipeline construction projected around 2030.
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Carney government introduces mega-deduction tax measure to spur more investment
Source: CBC Politics
Date: 2026-09-15 19:41:51.0
Tags: [National, Taxation, Economy, Finance, Industry, Trade]Prime Minister Mark Carney's federal government announced the productivity mega-deduction tax measure at the Canada Investment Summit, expanding on last year's productivity super-deduction to cover two-thirds of assets. The program allows companies to expense the total cost of new investments across sectors including machinery, equipment, clean energy, and zero-emission vehicles immediately rather than over a project's lifetime. The policy change is projected to cost $36 billion over five years and is estimated to slash Canada's marginal effective tax rate from 13 per cent down to 6.4 per cent, making it the lowest in the G7 to improve tax competitiveness and retain investment during trade tensions.
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'Cool to be Canadian': Leaders optimistic their pitch to invest here will pay off
Source: CBC Politics
Date: 2026-09-14 19:59:47.0
Tags: [National, Ontario, Economy, Taxation, Finance, Trade, Industry, Mining]Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract foreign capital and secure $1 trillion in investments amidst trade friction with the United States. Minister of Finance François-Philippe Champagne announced that the Canadian Revenue Agency will prioritize advanced income tax rulings for investments exceeding $1 billion to reduce regulatory risk. The government's 66-page pitchbook featured more than 160 major projects, including Canada Nickel Company's Crawford nickel project, which is seeking $2 billion in funding.
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Saskatchewan Brewers and Distillers Support 50 Per Cent Levy on Alcohol Imports from the United States of America
Source: Saskatchewan - Government News
Date: 2026-09-01 22:00:00.0
Tags: [Saskatchewan, Trade, Economy, Taxation, Industry]In response to a 50 per cent tariff enacted by the United States on Canadian alcohol on August 22, 2026, the Government of Saskatchewan implemented a reciprocal 50 per cent levy on U.S.-origin alcohol imports effective September 8, 2026. The Saskatchewan Liquor and Gaming Authority updated its online ordering system to apply the levy to all United States produced alcohol ordered by retailers as of that date. Several provincial industry leaders—including 9 Mile Legacy Brewing Co Ltd. CEO Shawn Moen, Sherwood Co-op CEO Troy Verboom, Last Mountain Distillery CEO Meredith Smidt, Black Fox Farm & Distillery, and Great Western Brewing Company CEO Micheal Brennan—voiced support for the measure, framing it as an encouragement for consumers to choose locally made products. The provincial government continues to advocate for the removal of cross-border trade barriers and a negotiated resolution.
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Saskatchewan Responds to United States Trade Measures with Levy on American Alcohol
Source: Saskatchewan - Government News
Date: 2026-08-27 21:30:00.0
Tags: [Saskatchewan, Trade, Economy, Taxation, Industry]In response to a 50 per cent tariff enacted by the United States on Canadian alcohol on August 22, 2026, the Government of Saskatchewan announced a reciprocal 50 per cent levy on U.S.-origin alcohol imported into the province. Effective September 8, 2026, the levy will apply to all U.S. produced alcohol ordered through the Saskatchewan Liquor and Gaming Authority online ordering system. Deputy Premier and Minister of Finance Jim Reiter stated that the measure aims to defend provincial industries and exporters while encouraging a return to tariff-free trade.
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