• 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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• 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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