{"source":"Budget 2026: Masters of our destiny","tables":[{"id":"table-1","title":"Economic and fiscal developments, policy actions, and measures","table":"Table 1","pdf_page":104,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"note":"A negative number implies a deterioration in the budgetary balance (lower revenue or higher expenses).","rows":[["Budgetary balance - Spring Economic Update 2026",[-66.9,-65.3,-63.1,-57.7,-56.2,-53.2]],["Economic and fiscal developments since SEU 2026",[27.5,21.5,38.3,32.9,33.2,32.4]],["Budgetary balance before policy actions and measures",[-39.3,-43.8,-24.8,-24.8,-23.0,-20.8]],["Policy actions since SEU 2026",[null,-3.2,-3.9,-1.9,-0.1,-0.4]],["1. Canada's Investment Supercycle",[null,-2.0,-11.0,-12.8,-11.7,-14.4]],["2. A more competitive and connected Canadian economy",[null,-2.3,-4.9,-2.6,-3.0,-2.3]],["3. A more affordable life",[null,-8.6,-8.0,-5.1,-4.1,-4.8]],["4. A strong and united Canada",[null,-1.0,-7.5,-8.5,-9.3,-8.3]],["5. A safe and sovereign Canada",[null,-1.0,-1.6,-1.3,-1.5,-1.1]],["6. A more efficient government",[null,-0.3,-0.6,-0.6,-0.8,-0.8]],["Subtotal - Budget 2026 measures",[null,-15.2,-33.8,-30.9,-30.4,-31.8]],["Total - policy actions and Budget 2026 measures",[null,-18.4,-37.7,-32.8,-30.5,-32.1]],["Budgetary balance",[-39.3,-62.3,-62.5,-57.6,-53.4,-52.9]],["Budgetary balance (% of GDP)",[-1.2,-1.8,-1.8,-1.6,-1.4,-1.3]],["Federal debt (% of GDP)",[40.2,39.9,40.2,40.4,40.3,40.1]]]},{"id":"summary","title":"Summary statement of transactions","table":"Table A1.8","pdf_page":344,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"rows":[["Budgetary revenues",[526.4,540.3,564.2,581.5,607.7,629.1]],["Program expenses, excluding net actuarial losses (gains)",[498.5,542.7,559.3,568.3,586.3,600.2]],["Public debt charges",[53.5,60.2,67.3,73.8,78.4,85.5]],["Total expenses, excluding net actuarial losses (gains)",[552.1,602.9,626.6,642.1,664.7,685.7]],["Net actuarial losses (gains)",[13.6,-0.4,0.2,-3.0,-3.6,-3.7]],["Budgetary balance",[-39.3,-62.3,-62.5,-57.6,-53.4,-52.9]],["Total liabilities",[2318.3,2484.1,2671.8,2855.3,3003.9,3151.7]],["Financial assets",[866.6,945.8,1035.6,1123.5,1179.0,1234.1]],["Net debt",[1451.8,1538.3,1636.3,1731.8,1824.9,1917.6]],["Non-financial assets",[145.7,171.8,207.2,245.2,284.8,324.6]],["Federal debt",[1306.1,1366.5,1429.0,1486.6,1540.1,1593.0]],["Public debt charges (% of GDP)",[1.6,1.8,1.9,2.0,2.0,2.2]]]},{"id":"revenues","title":"The revenue outlook","table":"Table A1.9","pdf_page":345,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"rows":[["Personal income tax",[247.7,258.7,270.8,283.7,297.0,309.3]],["Corporate income tax",[104.2,102.7,97.1,97.1,100.6,100.2]],["Non-resident income tax",[14.5,14.8,15.0,15.3,15.5,15.8]],["Goods and Services Tax",[51.8,51.5,57.4,59.4,62.1,65.1]],["Customs import duties",[10.3,11.1,13.4,8.1,8.4,8.7]],["Other excise taxes/duties",[13.1,7.7,12.9,13.0,13.0,13.1]],["Other taxes",[0.0,2.7,1.9,2.1,2.1,2.1]],["Employment Insurance premium revenues",[32.5,34.3,35.5,36.7,38.2,39.7]],["Enterprise Crown corporations",[13.1,13.0,16.0,20.7,23.5,26.1]],["Other programs",[32.9,37.0,36.3,37.4,39.1,40.5]],["Net foreign exchange revenues and return on investments",[6.2,6.9,7.9,8.0,8.2,8.6]],["Total budgetary revenues",[526.4,540.3,564.2,581.5,607.7,629.1]]]},{"id":"expenses","title":"The expense outlook","table":"Table A1.10","pdf_page":350,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"rows":[["Old Age Security program",[82.7,89.4,95.2,99.9,104.8,109.5]],["Employment Insurance benefits",[28.8,32.9,34.3,32.9,33.9,35.0]],["Canada Child Benefit",[30.1,31.2,32.3,33.5,34.6,35.7]],["Canada Health Transfer",[54.7,57.4,60.3,62.9,65.2,67.7]],["Canada Social Transfer",[17.4,17.9,18.5,19.0,19.6,20.2]],["Equalization",[26.2,27.2,28.4,29.6,30.7,31.9]],["Territorial Formula Financing",[5.5,5.8,6.3,6.7,7.0,7.2]],["Health agreements with provinces and territories",[4.3,4.3,4.3,2.5,2.5,2.5]],["Canada-wide early learning and child care",[7.9,10.3,11.0,8.2,8.5,8.8]],["Build Communities Strong Fund - Community Stream",[2.5,2.5,2.6,2.6,2.7,2.8]],["Other fiscal arrangements",[-7.6,-8.5,-8.6,-9.0,-9.4,-9.8]],["Other transfer payments",[115.0,122.4,125.7,128.6,129.6,129.2]],["Other direct program expenses",[131.0,150.0,149.1,150.8,156.6,159.5]],["Total program expenses, excluding net actuarial losses (gains)",[498.5,542.7,559.3,568.3,586.3,600.2]],["Public debt charges",[53.5,60.2,67.3,73.8,78.4,85.5]],["Net actuarial losses (gains)",[13.6,-0.4,0.2,-3.0,-3.6,-3.7]],["Total expenses",[565.7,602.6,626.8,639.1,661.1,682.1]]]},{"id":"capital","title":"Capital investments","table":"Table A1.5","pdf_page":339,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"rows":[["Capital investments in Budget 2026",[37.4,58.8,73.7,77.9,78.0,78.2]],["Capital investments in Budget 2026 (cash basis)",[60.2,103.3,126.0,131.4,130.9,124.7]]]},{"id":"operating","title":"Day-to-day operating balance","table":"Table A1.6","pdf_page":339,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"rows":[["Day-to-day operating expenses",[534.6,553.7,569.8,578.2,598.0,618.1]],["Capital investments (expenses)",[31.1,48.8,57.0,60.9,63.1,64.0]],["Capital investments (forgone revenues)",[6.3,9.9,16.8,16.9,14.9,14.2]],["Day-to-day operating balance",[-2.0,-3.5,11.2,20.3,24.6,25.2]]]},{"id":"non-budgetary","title":"Non-budgetary transactions and financial requirement","table":"Table A1.11","pdf_page":354,"unit":"CAD billions","years":["2025-26","2026-27","2027-28","2028-29","2029-30","2030-31"],"note":"Loans, investments and advances (mostly to enterprise Crown corporations such as CMHC, BDC, EDC and Farm Credit Canada) are financed through borrowing but are not budgetary expenses.","rows":[["Budgetary balance",[-39.3,-62.3,-62.5,-57.6,-53.4,-52.9]],["Loans, investments and advances - enterprise Crown corporations",[-55.4,-59.1,-66.3,-66.4,-36.3,-32.1]],["Loans, investments and advances - other",[-5.2,-13.4,-7.7,-4.1,-5.2,-9.3]],["Loans, investments and advances - total",[-60.5,-72.5,-74.0,-70.4,-41.6,-41.4]],["Non-financial assets",[-18.5,-26.1,-35.5,-37.9,-39.6,-39.8]],["Total non-budgetary transactions",[-64.5,-87.2,-106.5,-110.4,-85.7,-86.1]],["Financial source (requirement)",[-103.9,-149.5,-169.0,-168.0,-139.1,-139.1]]]}],"economy":{"table":"Table A1.12","pdf_page":358,"years":["2026","2027","2028","2029","2030"],"rows":[["Real GDP growth (%)",[1.0,1.7,2.0,2.0,1.9]],["GDP inflation (%)",[4.6,1.9,1.6,1.9,1.9]],["Unemployment rate (%)",[6.6,6.2,5.9,5.9,5.8]],["Nominal GDP (CAD billions)",[3427,3552,3681,3826,3975]]]}}