Canada Unveils 2026 Budget Featuring $36 Billion 'Mega Deduction' to Boost Productivity
The Government of Canada has released its 2026 budget, introducing a $36 billion 'Mega Deduction' aimed at closing the productivity gap with the U.S. Parliamentary Secretary Ryan Turnbull will discuss the measures in Milton, Ontario, on November 9, 2026.
The Government of Canada has unveiled its 2026 budget, introducing what it describes as "the most comprehensive revamp of business incentives in generations." Central to the new fiscal plan is a $36 billion initiative referred to as the "Mega Deduction," which aims to close Canada's productivity gap with the U.S.
The sweeping budget measures are also described as making life more affordable for Canadians while overhauling how businesses are incentivized across the country.
To highlight the details of Budget 2026, Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue, is scheduled to tour a local community centre in Milton, Ontario. He will be joined at the event by Kristina Tesser Derksen, Member of Parliament for Milton East—Halton Hills South.
The public event in Milton is set for Monday, November 9, 2026, beginning at 11:00 a.m. ET. Media are required to arrive by a deadline of 10:45 a.m. ET.