Canada Expands Tax Break to Attract Investment at Summit

In September 2026, Canada held its Canada Investment Summit in Ottawa, where the government announced an expanded tax writeoff for capital investment. Prime Minister Mark Carney said he was "pleased" with support from former Prime Minister Stephen Harper, and described Canada as a "safe harbour" for global finance. The tax break now covers a broad range of investments, including pipelines, and Ottawa called it a "game changer for investment." The summit also drew dealmakers, and Radical Ventures launched Canada's largest venture capital fund at $1 billion.

Carney also said using private investment for airports is a "smart" use of assets, reflecting what he called "different times." The summit's organizers hired an American firm to run the event.