Share this Story : Financial Post Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Opinion: The new ‘mega-deduction’ changes when you pay tax, not whether to spend

Letting businesses write off the cost of investment immediately rather than gradually will bring changes. But best not exaggerate them

Last month, after the Carney government announced its new “productivity mega-deduction” to replace its 10-month-old “productivity super-deduction,” my phone started ringing off the hook. “I guess I should buy this truck now,” was a typical inquiry, “so I can write the whole thing off this year?”

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.

Daily content from Financial Times, the world's leading global business publication.

Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.

Daily content from Financial Times, the world's leading global business publication.

Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

It is the right question to........

© Financial Post