Ontario Chamber Welcomes Productivity Mega Deduction as a Major Step to Unlock Investment

(TORONTO, ON – September 15, 2026) – Daniel Tisch, President and CEO of the Ontario Chamber of Commerce (OCC), issued the following statement in response to the federal government’s announcement of a new Productivity Mega Deduction:

“While there is no immediate cure for uncertainty, the best treatment is reducing investment cost and risk. Today’s announcement is a big step to make Canada a highly attractive place to invest, build and grow.

“Making immediate investment deductions permanent and expanding them will lower the cost of investing in equipment, technology and other productivity-enhancing assets, giving businesses more confidence and delivering on a key recommendation from Ontario’s business community.

“Now governments need to make it easier for businesses to use these incentives. A simpler, more coordinated tax system would reduce complexity, give businesses greater certainty and help unlock more investment.

“Canada has the tools to compete. The Ontario Chamber of Commerce and our members are ready to work with governments to turn those tools into stronger productivity, investment and long-term growth.”

To learn more about the OCC’s recommendations for improving Canada’s investment climate, read the Investment Roadmap.

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About the Ontario Chamber of Commerce 

The Ontario Chamber of Commerce (OCC) is the indispensable partner of business and Canada’s largest, most influential provincial chamber. It is an independent, non-profit advocacy and member services organization representing a diverse network of 60,000 members. The OCC convenes, mobilizes, and empowers business and local chambers in pursuit of its purpose: to bring inclusive and sustainable prosperity to Ontario’s businesses, workers, and communities.

Andrea Carmona
Director of Public Affairs
Ontario Chamber of Commerce
andreacarmona@occ.ca | Mobile: 647 234 0255