• Small business tax troubles a target of federal budget: Champagne

  Source: Global News Politics
  Date: 2026-11-02 18:10:43.0
  Tags: [National, Taxation, Finance, Economy, Industry]

  Finance Minister Francois-Philippe Champagne announced that the upcoming federal budget, led by Prime Minister Mark Carney, will target the complexity of the federal tax code to assist Canada's small- and medium-sized businesses. The upcoming fiscal plan builds on the previously announced $36 billion, five-year productivity mega-deduction designed to let businesses immediately write off eligible capital investments in their first year. The Canadian Federation of Independent Business (CFIB) has advocated for broader policies, such as lowering the small business tax rate and addressing gaps in federal tariff relief regimes to assist smaller firms.

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• C-269 (45-1) - An Act to amend the Income Tax Act (heat recovery tax credit)

  Source: Parliament of Canada (LEGISinfo)
  Date: 2026-11-02 11:03:41.0
  Tags: [National, Taxation, Energy, Environment, Climate, Industry]

  Private Member's Bill C-269, titled An Act to amend the Income Tax Act (heat recovery tax credit), was introduced in the House of Commons by Conservative Member of Parliament Greg McLean (Calgary Centre) on March 12, 2026. The legislation aims to establish a federal heat recovery tax credit under the Income Tax Act to incentivize energy waste reduction through industrial and commercial heat capture. The bill reached second reading stage in the House of Commons, with major debate speeches delivered by sponsor Greg McLean, Liberal Member Ryan Turnbull, and Bloc Québécois Member Marilène Gill on June 15, 2026, followed by further debate on November 2, 2026.

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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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• 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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