The 2025 federal budget in Canada was announced on November 4, 2025, and includes a total deficit of $78.3 billion for the 2025-26 fiscal year. Key highlights of the budget include:
$141.4 billion in new spending and $51.7 billion in savings over five years.
Investments in $280 billion over five years to build new infrastructure and protect communities.
A focus on generational investments in housing, infrastructure, and public services.
Significant tax enhancements, including immediate expensing for manufacturing buildings and changes to the Scientific Research and Experimental Development (SR&ED) program.
This budget aims to strengthen Canada’s economy and address global economic challenges.
