Increasing competition in the financial sector — Budget 2026

No line of its own in the chapter cost table. Announced in the text without its own line in the chapter cost table: regulatory, already funded, or costed elsewhere. Amounts in the text below may be previously announced, funded from existing resources, or financing rather than budgetary cost.

What the budget says

“Budget 2026 announces the government's intention to: Introduce a secondary competition objective for OSFI through amendments to the Office of the Superintendent of Financial Institutions Act.”
Budget 2026, p. 146 (PDF p. 156)

“To that end, Budget 2026 announces the government's intention to: Make the process for becoming a federally regulated financial institution more predictable, transparent, and timely by amending the Bank Act, Trust and Loan Companies Act, and Insurance Companies Act to establish a one-year timeline for making decisions on applications by new entrants.”
Budget 2026, p. 146 (PDF p. 156)

“To support these objectives, Budget 2026 announces the government's intention to: Modernise the deposit insurance framework by amending the Canada Deposit Insurance Corporation Act, including to increase the deposit insurance limit to $250,000, provide temporary high-balance coverage for certain life events, such as the sale of a home, and remove the limit for eligible deposits …”
Budget 2026, p. 147 (PDF p. 157)

Amounts named in the text

Stated amounts can cover different periods, cash or accrual bases, previously announced money and loans. They are not additive with the cost line above.

$8 billion
$12 billion
$25 billion

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