Canada unveils Budget 2026 with growth and affordability measures

The Minister of Finance and National Revenue has tabled Budget 2026 in Parliament and outlined the government’s fiscal, growth, affordability, housing, sovereignty, and defence measures.

• The budget proposes amendments to the Impact Assessment Act to support a “one project, one decision, one year” process, launches a Productivity Mega Deduction, and says businesses will be able to immediately deduct the full cost of most new investments.
• It includes new spending and commitments such as over $22 billion over five years for affordability measures, $44 billion already provided to support workers and businesses affected by U.S. tariffs, $25 million for Armed Forces support after the Wainwright tragedy, and $3 million for the Wainwright Military Family Resource Center.