Budget 2026 · Lens
Investment in Budget 2026
The investment story is the Productivity Mega Deduction, plus the Canada Growth Incentive, the Canada Strong Fund, major projects and critical minerals. Much of the headline money is tax relief or financing, not program spending.
Totals are five-year net impacts on the budgetary balance, kept separate by money type. A measure can appear under several lenses, so lens totals overlap and should not be added together.
Investment incentives reward businesses that already know what they want to build. The work is deciding: which asset, which project, which tender. That is where we spend our time with clients.
Find the work with workspaceAlberta ↗ · Desk Literacy training ↗
Program spending
New or extended spending, shown as the yearly impact on the budgetary balance.
- Powering Canada Strong$8.75BCh. 1Program spendingTradesInvestmentEnergy & resourcesPublic work
- Supporting major projects across the country - Mackenzie Valley Highway$3.1BCh. 2Program spendingTradesInvestmentIndigenous communitiesInfrastructure & transport
- Delivering the benefits of AI for all Canadians - AI for All$2.04BCh. 5Program spendingLoans, equity or financingBusinessesInvestmentTraining & skillsAI & digital
- Pillar 2: Expand non-market housing$1.5BCh. 3Program spendingLoans, equity or financingHousingTradesInvestmentPublic work
- Bringing critical minerals from mine to market$1.35BCh. 1Program spendingTradesInvestmentEnergy & resources
- Moving major projects forward faster - Major Projects Management Entity$187MCh. 2Program spendingTradesInvestmentPublic work
- Unleashing billions for Canadian businesses with the Canada Investment Summit$181MCh. 1Program spendingBusinessesInvestment
- Major Projects Office resources$121MCh. 2Program spendingInvestmentIndigenous communitiesPublic work
- Helping Canadian innovators scale at home$94MCh. 1Program spendingLoans, equity or financingBusinessesInvestment
- Mobilising private investment to modernise Canada's airports$42MCh. 1Program spendingInvestmentInfrastructure & transportPublic work
Tax measure
Forgone (or raised) revenue from a tax change, not a cheque from a program.
- Kickstarting Canada's Investment Supercycle with the Productivity Mega Deduction$36.1BCh. 1Tax measureBusinessesTradesInvestment
- Boosting innovation and commercialisation$936MCh. 1Tax measureBusinessesInvestment
- Backing Canada's next generation of entrepreneurs$715MCh. 1Tax measureBusinessesInvestment
- Interest deductibility limits$555MCh. 6Tax measureHousingInvestmentEnergy & resources
Savings or revenue
Improves the budgetary balance: cuts, savings, recoveries or new revenue.
- Strengthening Canada's defence industrial base−$39MCh. 5Savings or revenueLoans, equity or financingBusinessesInvestmentDefence & securityPublic work
No cost line
Announced in the text without its own line in the chapter cost table: regulatory, already funded, or costed elsewhere.
- Unlocking infrastructure investment and economic growthno cost lineCh. 1No cost lineInvestmentInfrastructure & transport
- Giving Canadians a stake in what we buildno cost lineCh. 2No cost lineLoans, equity or financingInvestment
- Building the homes Canada needsno cost lineCh. 3No cost lineLoans, equity or financingHousingTradesInvestment
- Supporting reconciliation through partnership and ownershipno cost lineCh. 4No cost lineLoans, equity or financingInvestmentIndigenous communities
- Establishing the Defence, Security and Resilience Bankno cost lineCh. 5No cost lineLoans, equity or financingInvestmentDefence & security
- Generating more value from federal assetsno cost lineCh. 6No cost lineInvestment
Related tax changes
From the tax measures annex. Positive amounts are revenue the government gives up.
- Mineral Exploration Tax Credit and Critical Mineral Exploration Tax Credit$956MPersonal income tax
- Canada Growth Incentive – Capital Gains Exemption$565MPersonal income tax
- Canada Growth Incentive – Rollover for Investments in Small Businesses$150MPersonal income tax
- Clean Electricity and Clean Technology Investment Tax Credits$2.42BBusiness income tax
- Scientific Research and Experimental Development Tax Incentive Program$930MBusiness income tax
- Interest Deductibility Limits$555MBusiness income tax
- Helium Exploration, Development and Resource Expenses$54MBusiness income tax