Canada introduces new Productivity Mega Deduction for new business investment
Today, at the first Canada Investment Summit, Prime Minister Carney announced that the new Productivity Mega Deduction. This new tax incentive will increase the amount of assets covered from roughly 15% of assets to more than 65%, including fibre-optic cable, mining property, oil and gas pipelines, software, research and development, computer equipment, aircraft and vehicles, patents, rail track, bridges, and roads.
Critical Minerals Review – June 2026 Kickoff
The Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced more than $55 million in federal funding for two projects that will strengthen Arctic infrastructure, support export diversification and help build resilient Canadian minerals supply chains.
Federal Government Signs Carbon Pricing Deal with Alberta
On Friday, Prime Minister Carney and Premier Smith announced a new agreement on a carbon pricing scheme for Alberta. Additionally, the agreement included a commitment for the Federal government to approve a pipeline as being in the national interest by October of this year. The approval for that pipeline is contingent on the completion of the Pathways carbon-capture project.
Federal Government Releases the 2026 Spring Economic Update
The federal government released its 2026 Spring Economic Update. The Carney government touted the update as the next step in their strategy to “Build Canada Strong. The update purports to strengthen Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.
2026 Liberal Party of Canada National Convention Summary
The 2026 Liberal Party of Canada National Convention took place in Montréal, Québec, from April 9 to April 11, 2026.
Interprovincial Economic Development – Ontario and Alberta
Interprovincial Economic Development – Ontario and Alberta: This month, the federal government announced a number of agreements with provinces. PM Carney and Premier Ford announced a partnership between Canada and Ontario to build more affordable homes, infrastructure, and transit.
The Alberta-Ottawa Energy Truce: What You Need to Know
In a major shift, late November, Prime Minister Carney and Premier Smith signed a deal aimed at two big things: hitting net-zero by 2050 and unleashing Alberta’s energy potential.
Alberta and the Federal Government News Upate
Recently, the Province of Alberta and the Federal Government announced a Memorandum of Understanding between them that lays out a new energy agreement. The MOU made specific reference to AI, Alberta’s electricity grid, and data centres.
Federal Budget Highlights
Prime Minister Mark Carney promised a pro-growth budget that will usher Canada into a “new era” and “define our next century.” The Budget lays out the government’s plan to navigate through the economic and political uncertainties facing Canada by building a domestic economy that is made “by Canadians, for Canadians”. It also shows the cost of the Government’s vision will increase the deficit $78.3 billion this year.
Buy Canadian Policy
In September, the Prime Minister stated that a new Buy Canadian Policy would be introduced in November. We now know from his speech earlier this week, that this new policy will be included in the upcoming Budget to be tabled on November 4.