Chapter 1 · 1.2 Building a cleaner, more competitive economy
Powering Canada Strong
$8.75B net impact on the budgetary balance over five years, 2026-27 to 2030-31.
The cost line
| Line | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 | Total |
|---|---|---|---|---|---|---|
| Powering Canada Strong | … | 622 | 2,297 | 2,835 | 2,993 | 8,747 |
… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.
What the budget says
“Chart 1.4 - Conceptual "energy wallet" of a typical Canadian household in 2050 Conceptual depiction of changes to the "energy wallet" of a typical Canadian household, adapted from 2024 Canada Electricity Advisory Council: Final report Budget 2026 is investing over $50 billion in bold and ambitious measures to expand Canada's electricity system, support investment in …”
Budget 2026, p. 124 (PDF p. 134)
“To provide the certainty needed for longer-term projects, Budget 2026 proposes to extend the Clean Technology and Clean Electricity investment tax credits to the end of 2040.”
Budget 2026, p. 125 (PDF p. 135)
“To encourage more investment in electricity transmission, Budget 2026 proposes to expand eligibility for the Clean Electricity investment tax credit to the highest-voltage intra-provincial electricity transmission lines in each province, for property acquired and available for use on or after Budget Day.”
Budget 2026, p. 125 (PDF p. 135)
“In addition, Budget 2026 proposes further investments to expand, strengthen, and better connect Canada's electricity systems.”
Budget 2026, p. 125 (PDF p. 135)
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.
- $50 billion
- $2.4 billion
- $36.1 billion
- $4 billion over 10 years, starting in 2027-28
- $37 million
- $26.4 million over 10 years
- $22.9 million over five years
- $1.6 billion over 10 years, starting in 2027-28
Electrification is a build-out: transmission, substations, interconnections and the electricians, line workers and civil crews that do the work.
What to watch: Utility and provincial capital plans that follow the federal money; that is where the tenders appear.
Also in this section
- Growing Canada's nuclear advantage and powering our electricity future$419MProgram spendingTradesEnergy & resourcesPublic work
- Expanding Canada's electric vehicle charging infrastructure$553MProgram spendingTradesEnergy & resourcesInfrastructure & transportPublic work