The federal budget officially passed, locking in the Productivity Super-Deduction for 2025.
The Bottom Line: You can now write off 100% of the cost of new machinery in the first year.
For many Ontario manufacturers, this effectively keeps up to an extra $25,000 in your pocket for every $100,000 spent on equipment this year.
The Catch: To lower your 2025 tax bill, the machine generally needs to be “available for use” (on your floor) before your fiscal year ends.
Read the full press release on the budget here.
If you were planning upgrades for 2026, pulling the trigger now could mean massive savings. We have the following ready for immediate delivery:
- SafanDarley E-Brakes
- Baykal Brakes & Shears
- Hydraulic Ironworkers
- Hydmech Saws
- Soco Tube Benders
- And so much more!
Call us at 905-803-9999 or email sales@westwaymachinery.com to discuss what we can get installed before the deadline.
Disclaimer: Please note that Westway Machinery does not provide tax advice. We strongly recommend checking with your accountant to confirm how these new rules apply to your specific situation before making purchasing decisions. We are not liable for tax outcomes.
