Canada unveils Budget 2026 affordability and clean energy investments

The Government of Canada has announced Budget 2026 measures focused on affordability, clean energy, competitiveness, and sovereignty.

• $2 billion will help up to 820,000 households switch to heat pumps and support home retrofits through the new National Heat Pump Rebate; related measures are projected to reach up to one million homes and save Canadians more than $1 billion a year on energy bills once fully implemented.
• The budget also proposes support for the Canada Electricity Strategy to double grid capacity by 2050, investments in nuclear energy and critical minerals, a $1.5 billion program to expand and rehabilitate ice rinks and recreational facilities, and more than $50 billion for the Nature Strategy and reconciliation with Indigenous peoples.