In the 2026 budget tabled in the House of Commons on Thursday, Finance Minister Francois Philippe Champagne revealed $142.1 billion in new tax incentives, spending and other measures over the next five years. The budget also details a further $9.4-billion in new spending that was announced between the spring economic update and the new budget. For example, Carney’s July pledge to help fund the George Massey Tunnel Replacement Project in B.C. will cost $1.5 billion over five years.

<p>In the 2026 budget tabled in the House of Commons on Thursday, Finance Minister Francois Philippe Champagne revealed $142.1 billion in new tax incentives, spending and other measures over the next five years. The budget also details a further $9.4-billion in new spending that was announced between the spring economic update and the new budget. For example, Carney&rsquo;s July pledge to help fund the George Massey Tunnel Replacement Project in B.C. will cost $1.5 billion over five years.</p>

CTV National News is Canada's most-watched national news program. Now you can stay up to date Monday to Sunday with the CTV National News Podcast, delivered nightly. Listen to Canada’s most trusted newscast featuring stories from here and around the world with a perspective that is distinctly Canadian and backed by the #1 news organization in Canada.

<p>CTV National News is Canada's most-watched national news program. Now you can stay up to date Monday to Sunday with the CTV National News Podcast, delivered nightly. Listen to Canada&rsquo;s most trusted newscast featuring stories from here and around the world with a perspective that is distinctly Canadian and backed by the #1 news organization in Canada.</p>