Budget 2026: AI adoption

Businesses of all sizes can now deduct the full cost of a new investment immediately. Under the Productivity Mega Deduction, eligible investments acquired on or after September 15, 2026, can be deducted right away. This lowers the upfront cost of investing and gives businesses of every size a stronger incentive to purchase equipment, adopt technology, expand operations, and create jobs. It covers far more of the investments businesses make every day. About two thirds of capital assets will qualify for immediate expensing, compared with approximately 15% previously. That means businesses of every size can benefit— from a local business purchasing new kitchen equipment, tools, office technology, or farm machinery to a growing company investing in manufacturing and mining equipment, pipelines, construction vehicles, software, research and development, fibre-optic cables, or rail track.

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Businesses of all sizes can now deduct the full cost of a new investment immediately. Under the Productivity Mega Deduction, eligible investments acquired on or after September 15, 2026, can be deducted right away. This lowers the upfront cost of investing and gives businesses of every size a stronger incentive to purchase equipment, adopt technology, expand operations, and create jobs. It covers far more of the investments businesses make every day. About two thirds of capital assets will qualify for immediate expensing, compared with approximately 15% previously. That means businesses of every size can benefit— from a local business purchasing new kitchen equipment, tools, office technology, or farm machinery to a growing company investing in manufacturing and mining equipment, pipelines, construction vehicles, software, research and development, fibre-optic cables, or rail track.

Budget 2026 - Masters of our Destiny · PDF p. 40

Budget 2026 announces that Canada’s new government will enable Canadian AI companies to access 500 MW of sovereign AI compute through new financial tools, such as backstops and offtake agreements, to mobilise private capital and expand compute capacity.

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Budget 2026 announces that Canada’s new government will enable Canadian AI companies to access 500 MW of sovereign AI compute through new financial tools, such as backstops and offtake agreements, to mobilise private capital and expand compute capacity.

Budget 2026 - Masters of our Destiny · PDF p. 289

Canada announced $162 million over five years for Mitacs to support 10,000 co-funded work placements for post-secondary students, recent graduates, and post-doctoral fellows to help Canadian businesses make better use of AI and give more students and researchers hands-on experience. This marks the first of up to 90,000 AI-related opportunities planned by 2031 under the AI for All Strategy.

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Canada announced $162 million over five years for Mitacs to support 10,000 co-funded work placements for post-secondary students, recent graduates, and post-doctoral fellows to help Canadian businesses make better use of AI and give more students and researchers hands-on experience. This marks the first of up to 90,000 AI-related opportunities planned by 2031 under the AI for All Strategy.

Budget 2026 - Masters of our Destiny · PDF p. 287

Canada supported the creation of a new Canadian-led open-source consortium between Mila and Mozilla, an initiative aiming to make advanced AI tools easier and more affordable for small- and medium-sized businesses to use while giving users greater control over their data.

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Canada supported the creation of a new Canadian-led open-source consortium between Mila and Mozilla, an initiative aiming to make advanced AI tools easier and more affordable for small- and medium-sized businesses to use while giving users greater control over their data.

Budget 2026 - Masters of our Destiny · PDF p. 288

Canada committed to an equity investment of up to $1.6 billion in Cohere, a Canadian success story poised to become a leader in sovereign AI. This equity stake will ensure Canadians can choose secure, sovereign, Canadian-made AI for decades to come and will create at least 1,000 high-paying technical jobs in Canada by 2030.

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Canada committed to an equity investment of up to $1.6 billion in Cohere, a Canadian success story poised to become a leader in sovereign AI. This equity stake will ensure Canadians can choose secure, sovereign, Canadian-made AI for decades to come and will create at least 1,000 high-paying technical jobs in Canada by 2030.

Budget 2026 - Masters of our Destiny · PDF p. 288