Finance Minister François-Philippe Champagne tabled Budget 2026 on 5 November. The government says it is on track to balance day-to-day operating spending with revenues by 2027–28 and to reduce the civil service by 10%. The budget projects a deficit of $62.3 billion (1.8% of GDP) for 2026–27, narrowing to $52.9 billion by 2030–31 (figures as reported by RealAgriculture, 5 November). For agriculture it continues the $3.2-billion National Food Security Strategy, provides immediate expensing for farm machinery, expands farm-family tax rollovers, and proposes higher maximum CFIA penalties.
Source: Finance Canada — Budget 2026 release · Budget documents
