Minister of Finance and National Revenue François-Philippe Champagne announced Oct. 20 that he will table Budget 2026 on Nov. 5, setting a date for Canada's fiscal plans.
The Parliamentary Budget Office (PBO), Canada's fiscal watchdog, forecasts 0.9% economic growth in 2026. It projects the federal debt-to-GDP ratio to rise from 40.8% in fiscal 2026-27 to 42.6% in 2030-31.
The government said the budget would extend earlier efforts to reduce living costs and attract investment.
The Department of Finance Canada described affordability and economic security as goals for the budget. It said proposals would also address investment, major national projects and employment.
The PBO's projections do not include policies yet to be announced in Budget 2026. Champagne is due to present the budget Nov. 5.
