warre & vavasourBudget 2026 Explorer

Chapter 3 · 3.3 Supporting a healthy and secure future

Supporting Canadians as they manage their budgets

No cost lineLoans, equity or financing
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 proposes additional practical protections to make prices and financial products easier to understand, cut unnecessary borrowing costs, and help Canadians as they manage their budgets.”

Budget 2026, p. 210 (PDF p. 224)

“Budget 2026 announces the government's intention to develop regulations requiring banks to provide consumers with a single clear annual statement of the fees paid on their chequing and savings accounts, as is currently the case in the European Union and the United Kingdom.”

Budget 2026, p. 210 (PDF p. 224)

“Budget 2026 announces the government's intention to consult on legislative amendments that would require credit card payments above the minimum amount to be applied first to balances carrying the highest interest rate, as is currently practised in Québec.”

Budget 2026, p. 210 (PDF p. 224)

“Budget 2026 announces the government's intention to amend the payday lending exemption in section 347.1 of the Criminal Code to extend the minimum time for repayment of payday loans to 42 days, require repayment in instalments, and prohibit credit insurance charges on payday loans.”

Budget 2026, p. 210 (PDF p. 224)

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.

  • $1 billion

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