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Productivity Mega Deduction: What Canadian Businesses Need to Know in 2026 Home Canada’s proposed Productivity Mega Deduction could significantly change how businesses can deduct the cost of certain capital investments for tax purposes. Announced by the Government of Canada on September 15, 2026, the measure proposes permanent immediate expensing for a much broader range of depreciable property. For businesses planning investments in equipment, technology and other capital assets, understanding the proposal could be important for future tax planning. However, the measure remains proposed, so businesses should monitor legislative developments before relying on the rules. What Is the Productivity Mega Deduction? In simple terms, the Productivity Mega Deduction is a proposed tax measure that would allow businesses to immediately deduct the …

Accounting, Tax & Advisory Services in Airdrie Ascend provides accounting, tax, assurance, and business advisory services in Airdrie, Alberta. Get expert support for bookkeeping, tax planning, audit, and business growth. Contact Us ● Services Our Professional Services Across Airdrie From bookkeeping and tax planning to audit and business advisory, Ascend provides financial solutions for businesses in Airdrie. Accounting Bookkeeping, payroll, financial reporting, and cloud accounting to keep your finances organized and up to date. Explore Assurance Audit, review, and assurance services that support accurate reporting, transparency, and regulatory compliance. Explore Taxation Corporate tax, personal tax, GST, and tax planning solutions to help manage tax obligations efficiently. Explore Consulting & Advisory Business consulting, financial planning, and advisory services in Airdrie for …

Business Accounting, Taxation & Advisory Services in Banff Financial management can become more complex as your business grows and its responsibilities change. Ascend provides businesses in Banff, Alberta with professional accounting, taxation, assurance, and advisory services to help maintain financial clarity and support sound business decisions. Contact Us ● Services Our Professional Services Across Banff Whether you are managing routine financial work or planning for a major business decision, our professional services cover the accounting and financial areas your business relies on. Accounting Take care of core financial tasks through bookkeeping, payroll, financial statements, and cloud accounting services. Explore Assurance Audit, review, and assurance engagements provide greater confidence in the accuracy and reliability of your financial reporting. Explore Taxation Stay …

Regional Tariff Response Initiative (RTRI): Eligibility, Funding & Application Guide Home Tariffs and unpredictable trade agreements can impose financial strain on Canadian businesses. Higher input costs, disrupted supply chains, reduced revenue, changing customer demand and challenges in accessing markets can affect both day-to-day operations and longer-term business plans.   For businesses facing these pressures, the Regional Tariff Response Initiative (RTRI) provides government funding designed to help eligible businesses maintain operations, address liquidity pressures,improve productivity, diversify into new markets, and strengthen resilience. The initiative is delivered through Canada’s Regional Development Agencies (RDAs), so eligibility and application requirements can vary by region.   For eligible businesses, the current RTRI structure can provide up to $3 million in combined non-repayable funding, consisting of …

Bare Trust Reporting in Canada: What you need to know for 2026 Home Do you hold a property, bank account, or investment for someone else?  You may have a bare trust arrangement without even knowing it.  This can happen when a parent is added to a child’s home title or a grandparent holds an account for a grandchild.    Starting with taxation years ending on or after December 31, 2026, Canada’s expanded trust reporting rules will require many of these arrangements to file a T3 Trust Income Tax and Information Return, along with Schedule 15 disclosing beneficial ownership information, for the very first time.    The new bare trust reporting requirements are intended to provide greater transparency about who ultimately …

Tax, Business Accounting & Financial Advisory Services in Picton Ascend helps businesses in Picton, Ontario manage their financial needs with consulting, professional accounting, taxation and advisory services. From everyday financial tasks to business planning and assurance, our team provides practical support for financial management. Contact Us ● Services Our Professional Services Across Picton Professional support for accounting, taxation, reporting, and business decisions, tailored to the needs of your organization. Accounting Handle bookkeeping, payroll, financial statements, and cloud accounting with organized support for your business finances. Explore Assurance Strengthen financial reporting through audit, review, and assurance services focused on accuracy and compliance. Explore Taxation Address your corporate and personal tax needs through GST guidance, tax preparation, and tax planning. Explore Consulting …

Accounting, Tax Services & Financial Advisory in Stittsville Managing the financial side of a business requires accurate records, timely reporting, and proper guidance. Ascend provides businesses in Stittsville, Ontario with business valuation, accounting, taxation, assurance, and advisory services to support their financial management and business goals. Contact Us ● Services Our Professional Services Across Stittsville Whether it is routine accounting or a more involved financial requirement, Ascend brings together professional services to support your business at different stages. Accounting Keep your accounts in order through bookkeeping, payroll, financial reporting, and cloud accounting services. Explore Assurance Strengthen financial reporting through audit, review, and assurance services that support reliable information. Explore Taxation Address corporate and personal taxation through GST assistance, compliance, and …

Professional Accounting, Advisory & Tax Services in Peterborough Strong financial management depends on accurate information and practical guidance. Ascend provides businesses in Peterborough, Ontario with reliable accounting, taxation, assurance, and advisory expertise to help them handle financial responsibilities and plan with confidence. Contact Us ● Services Our Professional Services Across Peterborough Financial needs can range from routine recordkeeping to complex business decisions. Our professional services bring professional accounting, tax planning, business valuation, and advisory expertise all under one roof. Accounting From payroll and bookkeeping to financial statements and cloud accounting, get the support needed to keep your business finances running smoothly. Explore Assurance Audit, review, and assurance services provide greater confidence in the accuracy and reliability of your financial information. …