Budget 2026 to include update on immigration levels, sources say

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Source: Global News Politics
Date: 2026-11-03 16:36:22.0
Tags: [National, Immigration, Finance, Economy, Housing]

Budget 2026 will include the federal government's annual immigration levels update, marking the second consecutive year the update has been incorporated directly into the federal budget document. Finance Minister Francois-Philippe Champagne and Prime Minister Mark Carney have signaled a shift toward sustainable population growth, targeting a permanent resident baseline of 380,000 annually alongside two one-time programs granting permanent status to 140,000 temporary residents through 2026 and 2027. The broader policy aims to reduce the non-permanent resident population from its estimated 6.7 percent level down to 5 percent of Canada's total population. Despite statutory requirements under the Immigration and Refugees Protection Act to table the report by November 1, the update will be published late in conjunction with the budget release on Thursday.

Canada's next budget to be unveiled this week amid U.S. trade war, economic uncertainty

Source: CBC Politics
Date: 2026-11-02 09:00:00.0
Tags: [National, Economy, Taxation, Finance, Trade, Infrastructure, Defence, Housing, Culture]

Prime Minister Mark Carney's upcoming federal budget, set to be unveiled by Finance Minister François-Philippe Champagne under the title "Masters of Our Destiny" ("Maîtres Chez Nous"), will focus on affordability measures, business tax incentives, and strategic investments in infrastructure, defence, and culture. The fiscal plan addresses ongoing economic uncertainty and a U.S. trade war while factoring in a Parliamentary Budget Office projection that public debt charges will reach $83 billion by 2030-31. Stakeholders such as the Canadian Federation of Independent Business and the Council of Canadian Innovators are pressing for targeted tax relief, including reductions to small business corporate tax rates and technology sector capital gains incentives. Meanwhile, economists note that housing delivery under the Build Canada Homes initiative remains behind targets, with only about 2,000 of 19,000 committed affordable units currently under construction.

Ottawa considering ‘options’ as foreign home buyer ban nears end: minister

Source: Global News Politics
Date: 2026-10-07 20:34:15.0
Tags: [National, Housing, Affordability, Economy, Finance]

Federal Finance Minister François-Philippe Champagne announced that the Liberal government is considering options regarding the future of the ban on foreign ownership of Canadian residential property. The restriction, originally enacted in 2022 to cool housing markets for Canadian buyers and previously extended in 2024, is scheduled to sunset in January 2027. The government's decision on whether to extend, modify, or allow the ban to expire will be evaluated based on housing stock availability and market evolution ahead of the upcoming federal budget.

Only 150 first-time homebuyer GST rebates approved as of June

Source: CBC Politics
Date: 2026-09-24 21:28:16.0
Tags: [National, Housing, Taxation, Finance, Affordability]

Federal data reveals that as of June, only 150 first-time homebuyer GST rebate applications out of 7,500 received have been approved by the federal government under its program eliminating the GST on newly built or substantially renovated homes worth up to $1 million. The data indicates that 620 applications were denied, 6,700 remain pending with an average processing time of 50 days, and a total of $3,577,000 has been paid out at an average of about $24,000 per rebate. Finance Minister François-Philippe Champagne acknowledged the slow rollout, while Department of Finance officials attributed the initial delays to uncertainty surrounding the passage of Bill C-4, which received royal assent in March 2026.