05/11/2025
Today François-Philippe Champagne tabled the first budget of Mark Carney’s government. It’s a budget that is focused on building Canada 🇨🇦 and investing for our future at a crucial time. We will spend less so we can invest more in the initiatives that help grow our economy.
Some key highlights include:
✔️ A tax cut for 22M Canadians up to $840/year
🏠The removal of GST for new home buyers
🔨Significant investments to support affordable housing and community infrastructure.
🌾 Programs to help our local farmers export their product.
🌲 Key investments for our forestry sector.
🚢 generational investment in trade infrastructure like ports and airports.
👩🔬 An increase in youth job opportunities through work placements and the Canada Summer Jobs Program.
Importantly, we are focused on finding efficiencies in government spending to maintain fiscal balance.
✔️ Through our comprehensive spending review, we are committed to balancing the operational budget by 2028.
✔️ Canada maintains the best net debt to GDP ratio in the G7.
✔️ Canada remains one of two G7 countries that has a AAA credit rating.
I’ll be highlighting more specifics in the days ahead, but you can read more below 👇
https://budget.canada.ca/2025/home-accueil-en.html