Generational Investments to Build Canada Strong

• $280 billion — Total five-year capital investment plan.
• $115 billion — For major infrastructure projects, including clean power grids, transit, and trade corridors.
• $110 billion — For productivity and competitiveness, including AI innovation, manufacturing, and R&D.
• $30 billion — For defence modernization, meeting NATO’s 2% spending target ahead of schedule.
• $25 billion — For housing initiatives, including the Build Canada Homes plan and GST relief for first-time home buyers.
• $1 trillion — Total investments expected over five years through smarter public spending and private-sector participation.

Highlights

• $141 billion in new spending over five years, offset by $51.2 billion in cuts and savings.
• $78.3 billion deficit projected for this fiscal year — lower than expected but double last year’s estimate.
• $20.1 billion in net new spending for 2025–26.
• $89.7 billion in total new spending measures over five years (after savings).
• Up to 40,000 public service jobs to be cut through buyouts and attrition (28,000 confirmed so far).
• $51 billion dedicated to major infrastructure projects such as high-speed rail, ports, and carbon capture.
• $81 billion for the Canadian Armed Forces, including a “Buy Canadian” procurement plan.
• $73 billion total defence package, with $30 billion earmarked for capital investments.
• 155,000 student visas to be issued in 2026 (down from 306,000).
• 13.3% — Canada’s net debt-to-GDP ratio, lowest in the G7.
• AAA — Canada’s credit rating (shared only with Germany among G7 nations).
• 85% of Canada–U.S. trade remains tariff-free; Canadian exporters face an average U.S. tariff of just 5.4%, the lowest globally.
• Balanced operating spending projected by 2028–29, with a declining deficit-to-GDP ratio.