{"id":"protecting-against-catastrophic-earthquake-risks","slug":"protecting-against-catastrophic-earthquake-risks","title":"Protecting against catastrophic earthquake risks","chapter":5,"section":"5.4","section_title":"Strengthening disaster preparedness","heading":"Protecting against catastrophic earthquake risks","in_cost_table":true,"capital":false,"fiscal":{"unit":"CAD millions","basis":"accrual, incremental impact on budgetary balance (expense or forgone revenue)","years":["2026-27","2027-28","2028-29","2029-30","2030-31"],"gross":[null,null,-44.0,-55.0,-55.0],"gross_total":-154.0,"flags":["none","none",null,null,null],"adjustments":[],"net":[null,null,-44.0,-55.0,-55.0],"net_total":-154.0,"table":{"pdf_page":299,"printed_page":283}},"description":null,"commitments":[{"text":"To strengthen Canada's ability to respond to these rare events and allow insurers to focus on helping Canadian households and businesses recover when support is most needed, Budget 2026 announces the government's intention to: Introduce legislation establishing the Canadian Earthquake Insurance Facility.","pdf_page":297,"printed_page":281,"quote":"To strengthen Canada's ability to respond to these rare events and allow insurers to focus on helping Canadian households and businesses recover when support is most needed, Budget 2026 announces the government's intention to: Introduce legislation establishing the Canadian Earthquake Insurance Facility."}],"amounts_in_text":["$50 billion"],"source":{"pdf_page":297,"printed_page":281,"chapter_url":"https://budget.canada.ca/2026/report-rapport/chap5-en.html"},"money_type":"savings_or_revenue","involves_loans":false,"lenses":[],"url":"https://budget2026.warreandvavasour.com/measures/protecting-against-catastrophic-earthquake-risks/","chapter_title":"A safe and sovereign Canada"}