Overview
- Finance Minister François‑Philippe Champagne previewed the budget at a Toronto business forum and said the plan is focused on changing Canada’s growth model by mobilizing private investment and raising productivity.
- The government has signalled new targeted tax measures to simplify rules and help small and medium businesses, with officials saying entrepreneurs and innovators will see themselves in the package.
- Prime Minister Mark Carney previously pre‑announced a $36‑billion, five‑year Productivity Mega Deduction that expands immediate write‑offs for eligible capital investments to spur faster business spending.
- The budget will disclose further detail on the Canada Strong Fund, a public investment vehicle, and proposals to modernize ownership of major airports so pension funds and private capital can invest at home.
- The opposition has urged fiscal restraint, calling for spending cuts and tax relief, while officials point to Canada’s triple‑A rating as giving room to invest now to tackle long‑running productivity shortfalls.