The government of Canada is proposing to include business aircraft acquired on or after September 15, 2026, among the assets eligible for 100% depreciation. Previously, owners could deduct 25% of an aircraft's value each year. Under the measure, which forms part of what Prime Minister Mark Carney described as a “productivity mega deduction” for the country's economy, aircraft must be ready for operation, while deductions for aircraft still under completion or refurbishment will roll over to the year they are ready to fly. Pre-owned aircraft also qualify.