Protecting against catastrophic earthquake risks

−$154M net impact on the budgetary balance over five years, 2026-27 to 2030-31.

The cost line

… 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

“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.”

Budget 2026, p. 281 (PDF p. 297)

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

Also in this section

• Preparing for and responding to wildfires$8MProgram spendingLoans, equity or financingBusinesses
• Strengthening emergency preparedness in First Nations communities$2.71BProgram spendingIndigenous communities
• Enhancing the Memorial Grant Program for First Respondersno cost lineNo cost line