The Globe and Mail reports in its Saturday edition that Canada's tax regime is sorely in need of reform. The Globe's Matt Lundy writes that every year, the tax system becomes more complex, leaving households and businesses to navigate a labyrinth of credits and benefits. Now is the time to unlock new private-sector investment, strengthen productivity and build the infrastructure needed to compete in a rapidly changing global economy. One important way to do that is by extending 100-per-cent immediate depreciation across the transportation and warehousing sector says Canadian Pacific Kansas City chief executive officer Keith Creel. Railways, ports, terminals and supply chain operators invest billions of dollars in long-lived assets that keep Canada's economy and trade moving. Allowing businesses to immediately deduct the full cost of those investments would encourage faster capital deployment, improve Canada's competitiveness and help attract investment that might otherwise go elsewhere. Similar policies have proven effective in attracting capital to the United States, Britain and other countries. Canada should not allow its industries to be at a disadvantage when competing for capital investments.