Business leaders put major projects and investment atop Budget 2026 wish list, KPMG finds
Over the next one to five years, business leaders said the deduction would:
- Encourage investment in new machinery, equipment, technology and capital projects: 51%
- Increase their investment in Canada: 49%
- Improve Canada’s global investment competitiveness: 45%
- Accelerate investments already under consideration: 44%
Support was strongest in capital-intensive sectors. Among agriculture, automotive, construction and manufacturing respondents, 69% said it would encourage new investment.
“If a project is close to the line, improving the tax economics could be enough to move it forward,” said Lachlan Wolfers, national leader, KPMG Law.
Respondents also want broader change. Some 87% support a comprehensive tax system review, 85% want a simpler system, and 88% want stronger investment incentives. Further, 52% want lower taxes on capital, and 49% want a lower corporate tax rate.
There is less agreement on paying for cuts. Respondents ranked how major tax reductions should mainly be funded:
