Budget 2026

What You Need to Know.

November 5, 2026

Budget Framing

In 2025, the Carney government’s first budget had to navigate a minority parliament, after only six months to familiarize itself with the reins of power.

Today, with a solid (and potentially growing) majority in the Commons, a commanding lead in public polls, and his preferred officials in place across the bureaucracy, this is now firmly Mark Carney’s government.

The PM has clearly established that in a rapidly evolving world, Canada needs long-term, structural changes – not only in its economy, but in the role of government. The country must also re-examine its relationship with the private sector and the importance placed on partnerships and alliances around the world.

Whereas past governments have used a budget as an opportunity to reset the agenda, this budget doubled down on Carney’s vision and priorities. Budget 2026 advances his economic transition plan and seeks to turn lofty ideas into concrete action.

Finance Minister Champagne and PM Carney increased spending significantly. Alongside previously announced big-ticket items like the Productivity Mega Deduction, the government announced new targeted tax incentives to support business investment. They were able to do this thanks to stronger than projected economic growth, higher global oil prices, and more federal revenue.

A question going into the budget was whether Mark Carney can connect his big-picture changes to the everyday cost-of-living struggles of Canadians. The government’s hope is that the $22 billion pledged for affordability measures, including money for groceries and gas, will be seen as making a difference.

Insights

Powering the Progress

It might look like any transmission line in this vast country, but using an image of the Churchill River in Labrador on the budget cover is deliberate. The Churchill River has been supplying hydroelectric power domestically and to the United States for decades. It is also at the centre of the government’s plans to become an energy powerhouse that can meet growing global demand. To execute its build agenda and develop the resources the world needs, the government must unlock more power for its infrastructure without saddling Canadians with higher power bills. This budget pledges to deliver a National Electricity Strategy that will double the country’s grid capacity and protect affordability for Canadians.

Meghan McCabe

Senior Consultant

Building Beyond Washington

Finance Minister François-Philippe Champagne insists this budget is about Canada rather than the United States, yet its signature $36B Productivity Mega Deduction targets the capital that tariffs have pushed south. Those tariffs rest on executive authority that the incoming Democratic Congress cannot reverse without veto-proof majorities. Budget 2026’s push to diversify trade hinges on Canada’s ability to expand its exports beyond the U.S. without attracting tariff retribution from the White House. This risk appears to have eased somewhat now that Prime Minister Carney says Washington has dropped its demand for a say over Canada’s other trade deals.

Bryce McRae

Senior Consultant

Conservative Response

Expect to hear much ado about the lack of affordability measures in today’s budget, as Conservatives use pocketbook issues to attack the Prime Minister’s broader economic record on inflation and spending. While the Conservative line of attack may sound familiar after a decade on the opposition benches, it may still stand to strike a cord with Canadians given how few retail measures are offered to offset cost-of-living challenges.

Josie Sabatino

Vice-President

By the Numbers

New Spending

$142.1B

over the next five years

Projected Deficit

2026 – 2027

$62.3B

down from $65.3B (Spring Economic Update)

GDP Growth

1.7%

in 2027, down from 1.9% (Spring Economic Update)

Federal Debt

(% of GDP) for 2026 – 2027

39.9%

down from 41.5% (Spring Economic Update)

Next Steps

Formalities

The budget speech comes with a ways and means motion, which gives Parliament four days to debate its contents. Then comes the confidence vote—a non issue now that the Liberal government has a parliamentary majority.

Budget Implementation Act(s)

Expect the government to package budget legislation into omnibus budget implementation legislation. Last year, the first BIA passed in March and the second is still under consideration by Parliament.

Draft Legislation

A draft version of budget implementation legislation may become available in advance of its official tabling in Parliament. Reference “Legislative Measures” in the budget for a high level overview of priority items.

Committee Engagement

After a second reading vote in the House, the budget bill is referred to the Finance Committee to hear from officials and stakeholders. This process is an opportunity for committee members to consider and vote on amendments to the bill, which can be recommended by stakeholders.

House and Senate finance committees can engage in pre-studies of the budget bill before it’s officially referred. They can also split the bill, so parts of it can be studied in other committees.

Spending Roll Out

Approval of the budget motion does not itself enact its measures or authorize spending. Budgetary spending will be rolled out through the appropriation process.

Spring Economic Update

The government is expected to deliver a fiscal update in the spring, with spending adjustments and policy announcements included.

Highlights

Chapter One: Canada’s Investment Supercycle

$1B over six years, starting in 2028-29, to the Strategic Response Fund to support large-scale research and development and innovation projects
Extend the Clean Technology and Clean Electricity investment tax credits to the end of 2040
$6B over six years, starting 2028-29, to support the deployment of emerging electricity generation technologies
$4B over 10 years, starting in 2027-28, to support electricity infrastructure expansion, renewable energy, and priority electricity sector projects across Canada and new funding for the Smart Renewables and Electrification Pathways Program
Extend the Mineral Exploration Tax Credit and Critical Mineral Exploration Tax Credit for an additional five years, and expand to include antimony
$715M in tax relief over four years, starting in 2027-28, through the Canada Growth Incentive to help high-potential businesses attract investment and grow in Canada
Launch the next phase of Canada’s payments modernisation, guided by a public consultation, expected in early 2027, on future priorities and the statutory review of the Canadian Payments Act
$930M over five years, with $235M ongoing to expanding the Scientific Research and Experimental Development (SR&ED) tax incentive program, beginning on or after budget day
Provide sector-specific guidance through the Canada Revenue Agency to clarify SR&ED eligibility as it pertains to commercialisation expenses
Modernise policies at Canada’s three federal granting councils—the Natural Sciences and Engineering Research Council of Canada, the Social Sciences and Humanities Research Council, and the Canadian Institutes of Health Research—to improve commercialisation rates for publicly funded research
Initiate consultations with experts on how to strengthen technology transfer capacity at post-secondary institutions
$181.4M over four years, starting in 2027-28, $50.4M in future years, and $40.4M ongoing to expand Invest in Canada to add specialised financial sector expertise
$37.6M over three years, starting in 2026-27, to complete an overhaul of the airport concessions model, including selecting the operator by early 2029
Launch new air routes and invest in infrastructure at smaller regional airports, adjust the ground rent formula to support growth at airports that will continue to operate under the existing model, introduce legislation to improve transparency around airport fees, strengthen performance reporting and governance, support economic development and accessibility, and expand eligibility for the Airports Capital Assistance Program to include smaller airports in the National Airports System
Expand eligibility for the Clean Electricity investment tax credit to the highest-voltage intra-provincial electricity transmission lines in each province, for property acquired and available for use on or after budget day
$1.6B over 10 years, starting in 2027-28, to improve energy reliability in the North
$37M in 2027-28 to support robust cost-benefit analysis of proposed interties and inform cross-border cost allocation discussions
$22.9M over five years to Environment and Climate Change Canada to update the Clean Electricity Regulations and to develop equivalency agreements with provinces and territories
Work with provinces and territories to develop new financing for the largest and most transformational electricity sector projects
$261M over five years, starting in 2027-28, and $14M ongoing, to Natural Resources Canada to develop nuclear supply chains, support research and development, and advance research reactor capacity and readiness
$127M over five years, starting in 2027-28, to Atomic Energy of Canada Limited for research infrastructure, research and workforce development
$131.1M over five years, starting in 2027-28, to the Canadian Nuclear Safety Commission (CNSC) to prepare for new nuclear projects and become the sole federal regulator for nuclear energy projects. Of this, $18.3 million would be cost-recovered
$14.4M over five years, starting in 2027-28, and $3.1M ongoing, to Global Affairs Canada, for nuclear export promotion and government-to-government engagement
$587M over five years, starting in 2027-28, to Environment and Climate Change Canada to renew the Zero-Emission Vehicle Infrastructure Program
$45M over five years, starting in 2027-28, to Natural Resources Canada to help bring innovative Canadian EV charging solutions to market
$424.4M over four years, starting in 2027-28, to renew the Canadian Critical Minerals Strategy
$54M in tax relief over five years, starting in 2027-28, by aligning the tax treatment of helium exploration and development expenditures with that of the conventional oil and gas sector
$500M over six years, starting in 2027-28, to Natural Resources Canada, to strengthen fibre supply chains and support forest management
$2B over six years, starting in 2027-28, to Natural Resources Canada to help businesses in the forest sector modernise and improve productivity
$4B over six years, starting in 2027-28, on a cash basis, to Export Development Canada through the Canada Account to support a new Forestry Sector Accelerator
$400M over seven years, starting in 2027-28, to Environment and Climate Change Canada to support the renewal of the Green Industrial Facilities and Manufacturing Program, now named the Strategic High-efficiency Industrial Facilities Transition (SHIFT)
Connect investors with new opportunities through a Sustainable Finance Conference by the Canadian Climate Institute
Assess and integrate competition considerations into federal business support programs, starting with the Strategic Response Fund
Expand data portability rights to additional sectors, including telecommunications and air transportation
Introduce a secondary competition objective for the Office of the Superintendent of Financial Institutions to help ensure that competition considerations are more clearly and consistently reflected
Make the process for becoming a federally regulated financial institution more predictable, transparent, and timely by amending the federal legislation
Expand exit options for deposit-taking institutions to allow for more flexibility to transfer assets and liabilities to other financial institutions
Encourage the entry and growth of mid-sized challenger banks by amending the Bank Act to permit greater flexibility on ownership structures
Provide guidance on how ministerial tools may be used to support the entry of new federally regulated financial institutions
Work with small- and medium-sized deposit-taking institutions to better understand their funding needs
Expand infrastructure investment opportunities for Canadian life insurers by amending relevant acts and regulations to broaden the scope of permitted infrastructure investments
Strengthen the Bank of Canada’s oversight of payment service providers through targeted amendments to the Retail Payment Activities Act
Work with provinces and territories to develop harmonised consumer protection requirements for payment service providers regulated under the Retail Payment Activities Act
Develop a pilot project for the use of voluntary digital credentials in financial services to support innovation and help combat identity fraud
Require federally regulated financial institutions to issue stablecoins through non-financial institution subsidiaries regulated under the Stablecoin Act and extend the Stablecoin Act to foreign financial institutions that are not prudentially regulated in Canada
Continue to engage with stakeholders on options to strengthen consumer protections in the event of stablecoin issuer or custodian insolvency

Chapter Two: A more competitive and connected Canadian economy

Fund the construction and certain maintenance costs of the Mackenzie Valley Highway
Establish the Canada Strong Fund as an arm’s-length and standalone Crown corporation
Launch public consultations on potential legislative and regulatory changes with respect to modernising trade systems
Introduce legislative amendments to increase the Canada Account limit and modernise its governance framework
Make the Canadian Commercial Corporation a subsidiary of Export Development Canada
Provide flexibility for regional development agencies to tailor support to smaller businesses and organisations across Canada
$176.9M over three years, starting in 2027-28, to Agriculture and Agri-Food Canada to renew the Wine Sector Support Program

Chapter Three: A more affordable life

An enhancement to the Canada Groceries and Essentials Benefit Supplement, which would provide a one-time 50% increase for the 2026-27 benefit year, delivered in early 2027
$610.3M over four years, starting in 2027-28, with $117M ongoing, to Nutrition North Canada
Introduce the Build Canada Workers Benefit, building on and enhancing the Canada Workers Benefit
Reduce advance payments by half, starting in July 2027, so workers who are entitled to the Build Canada Workers Benefit would instead receive their full entitlement after filing their tax return
$845M in additional support over four years, starting in 2027-28, and $245M per year ongoing, to make the Canada Caregiver Credit fully refundable
$1.8B over four years, starting in 2027-28, and $3.2B in future years to establish a new Integrated Supports Fund, delivered through Build Canada Homes
$3.6B over four years, starting in 2027-28, and $6.4B in future years, through Build Canada Homes to build new supportive and transitional housing across Canada
$2B over two years, starting in 2027-28, for the Health Infrastructure Fund
$2.1B over three years, beginning in 2028-29, and $4.4B in future years to renew the Reaching Home initiative and the Veterans Homelessness Program
$1.7B over 3 years, starting in 2028-29, and $3.9B in future years renew the Canada Housing
$13B over ten years, on a cash basis, starting in 2028-29, to boost the capital of Build Canada Homes
$1.5B over four years, starting in 2027-28, and $387.4M in future years to prepare federal lands for housing by funding enabling infrastructure
$100M over three years, starting in 2027-28, to support municipal e-permitting and the adoption of artificial intelligence to improve approval processes
$300M over three years, starting in 2028-29, and $200M in future years, for the Strategic Response Fund to build and expand industrial capacity and lower construction costs
$67.7M over four years, starting in 2027-28, and $101.2M in future years to modernise housing data and establish common standards for modern methods of construction
Extend the ban on foreign purchases of existing residential properties for two years to January 1, 2029, while exempting new residential properties
Change mortgage insurance rules to help unlock financing for “missing middle” homes
$13M to the CRA over three years, starting in 2027-28, to enable the Canada Revenue Agency (CRA) to provide an income verification service through agreements with mortgage lenders and insurers
$124M over three years, starting in 2027-28, to renew the Local Food Infrastructure Fund
Develop regulations requiring banks to provide consumers with a single clear annual statement of account fees paid
$100M over two years, starting in 2027-28, to renew Health Canada’s Emergency Treatment Fund
Amend the Employment Insurance Act to temporarily increase the minimum number of Employment Insurance regular benefit weeks from 14 to 18 weeks for apprentices who take full-time training
$451.8M over four years beginning in 2027-28, and $48M ongoing to launch a new Partnerships for Indigenous Workforce Readiness Fund
$170M in 2027-28 through the Workforce Tariff Response for training and employment services
$56.9M over four years, starting in 2027-28, with $205.4M in future years to implement the 2027-2029 Immigration Levels Plan
$302.3M over four years, starting in 2027-28, with $90.6M in future years, to transition 100,000 workers eligible for Express Entry or the Provincial Nominee Program
$151.5M over five years to reform the Temporary Foreign Worker Program

Chapter Four: A strong and united Canada

$1.5B over nine years through the Build Communities Strong Fund to support community recreational facilities and ice rinks
$3.6B over 10 years on a cash basis, starting in 2027-28, to Parks Canada to continue managing its capital assets
$300M in 2027-28 for a suite of programs that will support the stories, spaces, and experiences that bring Canadians together, including the Canada 160 Fund which will be a flagship initiative to mark Canada’s 160th anniversary
$10M in 2027-28 for the Building Communities through Arts and Heritage program and $15M for the Canada Arts Presentation Fund, to support local festivals and performing arts events across Canada
Consult with Canadians and the cultural sector on a new Canada Creative Credit, which is expected to take the form of a non-refundable personal income tax credit
$60M over four years, starting in 2027-28, and $15M ongoing, to renew funding under the Federal 2SLGBTQI+ Action Plan
$76M in 2027-2028 to renew the Canada Strong Pass for another summer
$46.3M over five years, and $11.5M ongoing, to permanently make admission to Canada’s national museums free year-round for children and youth under 25
$783.1M over five years, on a cash basis, to support Canada’s national museums, the National Battlefields Commission, the National Arts Centre, and Library and Archives Canada
$60M over four years, starting in 2027-28, on a cash basis, to the National Gallery of Canada to expand opportunities for Canadians to access and engage with Canada’s arts, culture, and heritage
$32.2M over four years, starting in 2027-28, and $9.5M in future years, to establish a free national digital collection
$20M over four years, starting in 2027-28, and $5M ongoing, to renew the Canada Book Fund
$134M over four years, starting in 2027-28, and $41M ongoing, to Canadian Heritage for the Local Journalism Initiative
Extend the Canadian Journalism Labour Tax Credit to qualifying private audio and audiovisual news organisations
$393.2M over three years, starting in 2027-28, to advance Canada’s Francophonie leadership objectives and support the 2028 Francophonie Summit
$11.4M over three years, starting in 2026-27, to Veterans Affairs Canada to support the commemoration of defining moments in Canada’s military history
$740M over four years, starting in 2027-28, to ensure Canada can support increasing economic activity on its coasts while protecting the marine environment
$136M over four years, starting in 2027-28, to support marine conservation efforts through the Pacific Salmon Strategy Initiative, the Whales Initiative, and funding for Southern Resident Killer Whales
$186M over four years, starting in 2027-28, for the Northern Shelf Bioregion Reconciliation Framework Agreement
$282.7M over 11 years, starting in 2027-28, on a cash basis, and $18M ongoing, to Parks Canada to establish and operate two new National Marine Conservation Areas
$9.2M over four years to Parks Canada, and an additional $10.5M over four years, to support feasibility assessments for three additional Marine Protected Areas in the North
$1.3B over eight years, on a cash basis, to renew the Ferry Services Contribution Program until 2032
$35.1M in 2027-28 to Transport Canada to renew the Remote Passenger Rail Program
$1.2B over three years on a cash basis, starting in 2027-28, to support VIA Rail Canada’s operations and maintenance activities
$18.5B over 10 years, starting in 2027-28, to launch a First Nations On-Reserve Infrastructure
$226.7M over 10 years, starting in 2027-28, to maintain and build on the results of Atlantic First Nations Water Authority
$11B over 10 years, starting in 2027-28, to improve First Nations housing
$1.7B over five years, starting in 2027-28, for housing in First Nations communities on reserve
$657.5M over 10 years, starting in 2027-28, to support the Yänonhchia’ Revolving Housing Finance Fund, a Surety-Bonding Pilot to to First Nations bid on large construction contracts, and a Monetisation Pilot to test a First Nations-led model for financing infrastructure projects
$5.8B over five years, starting in 2027-28, for the Elementary and Secondary Education Program on reserve
$437.9M over five years, starting in 2027-28, through the Post-Secondary Student Support Program
$6B over six years, starting in 2026-27, for Jordan’s Principle
$575M over five years, starting in 2027-28, to renew the Inuit Child First Initiative
$806.7M over five years to implement An Act respecting First Nations, Inuit and Métis children, youth and families
$2.9B over three years, starting in 2027-28, to continue to provide First Nations and Inuit people with coverage for a range of health benefits including mental health services, medical travel, medications
$290.7M over four years, starting in 2027-28, to renew funding for public health workers and public health initiatives in Indigenous communities
$633.7M over four years, beginning in 2027-28, and $250.9M ongoing to the First Nations and Inuit Policing Program
$3.6M in 2027-28 to renew the Red Dress Alert pilot
$8M over four years, starting in 2027-28, and $2M ongoing to support organisations working to advance equality for Women’s Program
$70M over two years, starting in 2027-28, to provide free access to menstrual products and support menstrual health education and awareness through the Menstrual Equity Fund
$136.3M over four years, starting in 2027-28, to advance the ongoing implementation of Canada’s Black Justice Strategy

Chapter Five: A safe and sovereign Canada

$2.3B over five years, starting in 2027-28, for the Defence Drone Initiative to accelerate the discovery, acquisition, and deployment of uncrewed and counter-uncrewed capabilities
$7.6B over five years for the extension and expansion of Operation REASSURANCE. This would be sourced from existing Department of National Defence resources
$6.0B over 10 years, starting in 2027-28, on a cash basis, and $579.5M ongoing, to CSIS to expand its presence and capabilities
$25M over two years to support the members of the CAF, their families, and local communities affected by the incident at Canadian Forces Base Wainwright
$2.7B over five years, on a cash basis, to:
- Advance Phase 2 of the Canadian Quantum Champions
- Expand the Launch the North initiative to establish a sovereign, medium-lift Canadian space launch capability through the development of domestic launch vehicles, a national rocket propulsion ecosystem, and dedicated Government of Canada launch and testing infrastructure
- Further develop Canadian space technology by helping firms scale up
- Strengthen cross-cutting funding tools and enablers of the defence industry by extending initiatives such as BOREALIS, Defence Industry Assist, export promotion, and the Regional Defence Investment Initiative and ensuring Canada has specialised secure facilities for industry to work with the Department of National Defence on sovereign capabilities
- Recapitalise the Canadian Defence Industry Resilience Program to enable direct strategic investments in sovereign capabilities that are critical to maintaining the CAF’s combat advantage
- Secure critical inputs for Canadian defence production, including funding to complete the construction of a General Dynamics Ordnance and Tactical Systems production facility in Québec for nitrocellulose and to support Canadian industry to produce high-grade ballistic steel
- Fully operationalise the National Research Council’s drone innovation hubs and enable the Department of National Defence to create competitions for industry to advance technologies for uncrewed vehicles and air systems
$61.9M over four years, starting in 2027-28, and $109.2M in future years, to Global Affairs Canada to support Canada’s anticipated participation in the EU’s Ukraine Support Loan procurement opportunities
Up to $2.5B in financing to De Havilland Canada delivered by Export Development Canada to help the company increase its production capacity of waterbombers at its facilities in Alberta
$176.3M over five years, and $29.3M ongoing, to Canadian Heritage to establish the new Digital Safety and Data Protection Commission of Canada
Introduce legislation establishing the Canadian Earthquake Insurance Facility
$6.2M over four years, starting in 2027-28, to Innovation, Science and Economic Development Canada to support Canada’s participation in the Global Partnership on Artificial Intelligence via the International Centre of Expertise in Montréal on Artificial Intelligence
Enable Canadian AI companies to access 500 MW of sovereign AI compute through new financial tools, such as backstops and offtake agreements, to mobilise private capital and expand compute capacity
$8.4M over three years, starting in 2027-28, to Public Safety Canada to support the Canadian Centre for Child Protection’s ongoing work in child protection
$64M over four years, starting in 2027-28, and $9M ongoing, to Public Safety Canada to support the activities of the Canada Centre for Community Engagement and Prevention of Violence, including $56M over four years, starting in 2027-28, and $7M ongoing, to expand the Community Resilience Fund
$6M over three years, starting in 2027-28, to Justice Canada to strengthen the Office of the Federal Ombudsperson for Victims of Crime and support its work reviewing complaints, identifying systemic issues, and advancing victims’ rights
$12M over three years, starting in 2027-28, to Justice Canada to expand support for Child Advocacy Centres
Introduce a legislated Multi-Sector Anti-Fraud Framework, as part of the National Anti-Fraud Strategy. This includes a forthcoming consultation on draft legislation and amendments to the Bank Act, Telecommunications Act and Canada’s Anti-Spam legislation
Improve information sharing between FINTRAC and OSFI and expand FINTRAC’s ability to obtain supervisory information from regulated entities
Expand anti-money laundering requirements to cover higher-risk gambling activities
Modernise Criminal Code offences to address evolving forms of financial crime and strengthen penalties, and ensure that crime doesn’t pay by facilitating the recovery of proceeds of crime
Amend the Bank Act to provide the Minister of Finance with the authority to order the divestiture of investments held in Canadian businesses by banks if national security concerns emerge
$182.4M over four years, starting in 2027-28, to the Canada Revenue Agency to strengthen its capabilities to investigate tax evasion and work with law enforcement partners to combat money laundering and disrupt the flow of illicit income

Chapter Six: A more efficient government

$192.5M over four years, starting in 2027-28, and $42.5 million ongoing, to the Canada Border Services Agency in support of modernising and stabilising critical border technology infrastructure
Introduce the Digital Transformation Canada Act, establishing a legislative framework for the delivery, governance, and management of digital and information technology services and capabilities across the Government of Canada
$1.4B over two years to Canada Post to support operations
$1.2B over seven years to Canada Post to support the conversion of urban door-to-door mail delivery to community mailboxes
Raise stamp rates, beginning in 2027, to $2.00 for single stamps and 7% per year continuously
$3.5M over two years, starting in 2026-27, to the Department of Finance Canada to oversee the new financial Crown corporation functions and support the consolidation
Introduce a common cannabis excise duty stamp for all provinces and territories with the same excise duty rate
Amend the Income Tax Act to simplify tax relief for apprentice vehicle mechanics who are eligible for tax relief on the cost of their tools, no longer requiring them to separately claim the Tradesperson’s Tools Deduction and no longer subject to an income-based threshold on their claim
Amend the Income Tax Act to combine the Volunteer Firefighters Tax Credit and the Search and Rescue Volunteers Tax Credit into a single streamlined Volunteer Firefighters and Search and Rescue Volunteers Tax Credit, as of the 2027 taxation year, for individuals who perform either role or a combination of both
Amend the Income Tax Act to broaden the definition of a qualifying educational program, effective for 2027 and subsequent taxation years, to no longer exclude programs for which a student received tuition assistance from an employer
Exempt dividends paid by Canadian-controlled private corporations, applicable to dividends paid after budget day
Amend the Income Tax Act to allow eligible tradespeople and apprentices who undertake an eligible temporary relocation to deduct an optional flat $1,500 in a year under the Labour Mobility Deduction for Tradespeople instead of itemising expenses
$22.3M over four years, starting in 2027-28, and $5.9M in 2031-32, to the CRA to strengthen outreach with people disconnected from the tax and benefits system
Intention to introduce a corporate-loss transfer rule, inviting stakeholder comments on a proposal to allow, in certain circumstances, the transfer of current-year non-capital losses within wholly owned corporate groups
Simplify the rules for registered charities by eliminating the excess corporate holdings regime for private foundations
Launch a transition process to create a single federal development bank
Expand the mandate of the Canada Growth Fund to support more economic growth and productivity opportunities in Canada, and ensure it better complements other federal financing instruments
Move responsibility for the Canada Infrastructure Bank (CIB) to the Minister of Finance, focus the CIB’s mandate on providing loans and loan guarantees to support major investments in Canadian infrastructure, and consolidate the Indigenous Loan Guarantee Program within the CIB
Introduce a single May 15 deadline for filing tax returns and paying taxes owing

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