warre & vavasourBudget 2026 Explorer

Budget 2026 · Chapters

Six chapters, every line.

Each chapter ends with a cost table. We tie every line in those tables to the measure it pays for, and list the announcements that have no cost line of their own.

01pp. 109–154

Canada's Investment Supercycle

The investment chapter. Its cost is dominated by the Productivity Mega Deduction, a permanent full write-off for a wide range of business assets, with electricity, nuclear, critical minerals and forestry behind it.

$52.0B over five years

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02pp. 155–186

A more competitive and connected Canadian economy

Trade, tariffs and major projects: the Major Projects Office and a new management entity, the Mackenzie Valley Highway, digital trade systems, and the support package for workers and businesses hit by tariffs.

$15.0B over five years

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03pp. 187–222

A more affordable life

Affordability, housing, health and the skilled workforce: the groceries benefit, the Build Canada Workers Benefit, child care, Build Canada Homes and homelessness, and Team Canada Strong for the trades.

$30.7B over five years

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04pp. 223–254

A strong and united Canada

Culture, communities and reconciliation: the 160th anniversary, recreation facilities and rinks, national parks and oceans, ferries and rail, and large commitments for First Nations housing, infrastructure, education and child welfare.

$34.6B over five years

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05pp. 255–286

A safe and sovereign Canada

Defence and security: drones, Operation REASSURANCE, the defence industrial base and sovereign intelligence, plus online safety, AI for All, fraud and financial crime, and disaster preparedness.

$6.59B over five years

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06pp. 287–312

A more efficient government

Making government cheaper and simpler: tax filing changes, AI and digital transformation in government, border infrastructure, public-service savings, Canada Post and tax compliance.

$3.09B over five years

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