Carney announces tax rate reduction on new investments
Ottawa, November 6 (Hibya) - Canadian Prime Minister Mark Carney announced that, as part of the 2026 budget, the effective marginal tax rate on companies' new investments has been reduced from 13.6 percent to 4.6 percent.
In a post on his social media account, Canadian Prime Minister Carney stated that the measure would allow both small and large companies to fully deduct their new investments for tax purposes.
Carney stated that with the new rate, Canada would have the lowest effective marginal tax rate among the world's largest economies. He noted that the measure would make the country more attractive for investment and starting businesses.
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