Ontario tabled its fall economic statement on Oct. 29, 2026, reaffirming the province's 10-year capital plan, according to an Ontario General Contractors Association bulletin and KPMG TaxNewsFlash coverage on Nov. 2, 2026. The statement cut the growth forecast to 0.5% and proposed a competitiveness tax cut including a 100% write-off for eligible depreciable property.
The write-off applies to eligible property acquired on or after Sept. 15, 2026. In plain terms, qualifying new equipment can be written off fully rather than depreciated over years, which changes the timing math for buyers who were already planning to replace aging hardware or plant equipment.
A full write-off rewards buyers who were already ready to buy well.
Slow growth in the forecast makes the timing point sharper, not weaker. Organizations that refresh on a plan, replacing the devices and equipment closest to failure first, avoid emergency purchases at the worst moment. A structured hardware refresh programme sequences those replacements, handles imaging, deployment and old-asset recovery, and documents what was acquired and when for the finance team.
Ontario buyers should pull their refresh list forward and check it against the Sept. 15 acquisition date. Confirm eligibility with a tax adviser, prioritize the equipment that is both eligible and overdue, and buy on the plan rather than in a year-end scramble.