Canadian trucking industry is pushing for tax parity with U.S. competitors. The Canadian Trucking Alliance (CTA) has included a call for full capital investment expensing in its pre-budget submission to the federal government.
The request follows recent U.S. legislation that allows American trucking companies to deduct 100% of capital investments in the year they’re made. This “bonus depreciation” for trucks, trailers and logistics technology was included in what American lawmakers dubbed the “Big Beautiful Bill.”
CTA President Stephen Laskowski emphasized the competitive disadvantage facing Canadian carriers. “This is more than a tax policy issue. It’s about economic competitiveness, environmental progress, and strengthening our supply chain,” he stated in a news release.
Without matching policy, Canadian trucking companies face higher capital costs and slower equipment turnover. The alliance warns this hampers carriers’ ability to invest in newer, cleaner and safer equipment.
The proposal wouldn’t eliminate taxes on equipment purchases. Instead, it would allow companies to claim up to 100% depreciation in the first year, effectively deferring tax payments.
“Canada’s trucking industry is the backbone of our national supply chain,” Laskowski noted. “Policies like permanent full expensing are essential to supporting its sustainability in an increasingly competitive and fast-evolving market.”
The CTA’s complete pre-budget recommendations are available on their website.