C-31 (45-1) - Budget 2025 Implementation Act, No. 2

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Source: Parliament of Canada (LEGISinfo)
Date: 2026-10-30 12:26:14.0
Tags: [National, Finance, Taxation, Economy, Governance]

Bill C-31 (45th Parliament, 1st Session), titled the Budget 2025 Implementation Act, No. 2 and sponsored by Minister of Finance and National Revenue, has advanced to the report stage in the House of Commons following committee review by the Standing Committee on Finance, which presented its report with amendments on October 30, 2026. The legislation implements provisions stemming from the federal budget tabled on November 4, 2025, and the 2026 Spring Economic Update titled 'Canada Strong For All'. The Senate has concurrently authorized pre-study of the bill's subject matter across multiple standing committees, including the Standing Senate Committee on National Finance and specialized sectoral committees assigned to specific divisions of Part 4 of the bill.

2025-26 Public Accounts Volume 2 Released

Source: Saskatchewan - Government News
Date: 2026-10-29 23:00:00.0
Tags: [Saskatchewan, Finance, Governance, Taxation]

The Government of Saskatchewan released the 2025-26 Public Accounts Volume 2, detailing expense and revenue information for ministries, the Legislative Assembly, and its officers from the General Revenue Fund. Deputy Premier and Finance Minister Jim Reiter noted that ministry travel expenses reached $45.1 million in 2025-26, representing a 1.1 per cent or $0.5 million increase from the previous year. Meanwhile, government-wide communications expenses decreased by $1.2 million to $12.1 million in 2025-26 compared to $13.3 million in 2024-25, continuing a 28 per cent reduction from $16.8 million in 2007-08. The report also includes pension plan and trust fund balances, a Statement of Remission of Taxes and Fees, and the Road Use Fuel Tax Accountability Report, following the release of Volume 1 on June 30, 2026.

Crown Sector 2025-26 Payee Disclosure Report Released

Source: Saskatchewan - Government News
Date: 2026-10-29 22:00:00.0
Tags: [Saskatchewan, Finance, Governance, Economy, Indigenous]

The Crown Investments Corporation (CIC) tabled the Crown sector's 2025-26 Payee Disclosure Report with The Standing Committee on Crown and Central Agencies, detailing sector payments between April 1, 2025, and March 31, 2026. CIC provided $68 million in dividends to Saskatchewan's General Revenue Fund, while total Crown procurement reached $2.1 billion, including $1.5 billion awarded to Saskatchewan suppliers and $152 million to Indigenous suppliers. Crown corporations employed over 11,000 people with total remuneration of just over $1.3 billion, and contributed over $35 million in grants, donations, and sponsorships to organizations like STARS air ambulance and the sector-wide Indigenous Bursary Program. The report lists ministerial and board expenses, supplier payments over $50,000, employee remuneration exceeding $50,000, and grants greater than $5,000 in accordance with Standing Committee guidelines.

Budget 2026 title and theme focus on Canada’s sovereignty, minister reveals

Source: Global News Politics
Date: 2026-10-29 15:00:05.0
Tags: [National, Finance, Economy, Trade, Seniors, Governance]

National Revenue Minister François-Philippe Champagne announced that the federal government will table Budget 2026 on November 5, 2026, under the title and theme "MASTERS OF OUR DESTINY: BUDGET 2026" (inspired by Jean Lesage's 1962 Quebec slogan "Maîtres chez nous"). Prime Minister Mark Carney's government designed the upcoming budget to address a period of profound change and uncertainty involving redefined trade relationships, U.S. tariffs, trade tensions, and geopolitical conflicts threatening Canadian sovereignty and economic resilience.

Financial intelligence agency slow to provide police with info to curb money laundering: AG

Source: CBC Politics
Date: 2026-10-29 14:19:17.0
Tags: [National, Finance, Public Safety, Justice, Governance]

A federal auditor general report tabled in the House of Commons reveals that the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) takes an average of about four months to provide financial intelligence to law enforcement agencies. Half of the surveyed police and law enforcement respondents reported receiving FINTRAC intelligence too late to be useful for freezing assets, intercepting transactions, or apprehending suspects. The auditor general concluded that inadequate tools and processing delays hinder FINTRAC from effectively carrying out its mandate to detect and deter money laundering and terrorist financing.

First Nations-first ministers' meeting brings funding announcements and mixed reviews

Source: CBC Politics
Date: 2026-10-26 22:37:54.0
Tags: [National, Indigenous, Finance, Infrastructure, Emergency, Governance]

Prime Minister Mark Carney convened the first Indigenous-focused first ministers' meeting in over two decades in Ottawa alongside the Assembly of First Nations, led by National Chief Cindy Woodhouse Nepinak. Carney announced proposed federal funding ahead of the Nov. 5 budget, including more than $2.5 billion over five years for emergency preparedness in First Nations communities and more than $630 million over four years for First Nations and Inuit policing. Additionally, Carney committed to exploring the reform or abolition of the 1876 Indian Act and instructed his finance minister to collaborate with First Nations on new revenue-sharing mechanisms, such as a potential sovereign wealth fund.

Quebec's new PQ premier unveils smaller cabinet as minority government prepares to govern

Source: CBC Politics
Date: 2026-10-21 16:45:26.0
Tags: [Quebec, Governance, Education, Healthcare, Finance, Justice]

Quebec Premier Paul St-Pierre Plamondon has unveiled a new minority government cabinet consisting of 23 ministers, down from the previous Coalition Avenir Québec government's 29. Notable appointments include Nicolas Marceau as finance minister, Marie-Karlynn Laflamme as health minister, Joël Arseneau as national education minister, Marie-Claude Sarrazin as justice minister, and Pascal Bérubé as culture minister. The swearing-in ceremony marked a historic departure by taking place without the lieutenant-governor presiding in person at St-Pierre Plamondon's request.

What to know about Quebec's new cabinet ahead of swearing-in ceremony

Source: CBC Politics
Date: 2026-10-21 10:40:12.0
Tags: [Quebec, Governance, Healthcare, Education, Finance, Immigration]

Premier-designate Paul St-Pierre Plamondon's minority Parti Québécois government, holding 59 out of 127 seats, is unveiling a 22-minister cabinet during a swearing-in ceremony at the National Assembly. Key appointments include Marie-Karlynn Laflamme as Minister of Health, Prevention and Seniors tasked with abolishing Santé Québec, Joël Arseneau as Minister of Education, Nicolas Marceau as Minister of Finance, and Catherine Gentilcore as Immigration Minister. Other key portfolios include Alain Therrien as Treasury Board President, Stéphane Paquet for Economy and Energy, Nicolas Girard for Transportation and Sustainable Mobility, Guy Lapointe Jr. for Internal Security, Marie-Claude Sarrazin as Justice Minister, and Anne Nguyen for Artificial Intelligence and Digital Affairs. Additionally, the ceremony faces a historic constitutional challenge as the lieutenant-governor will not preside over it following a provincial law that abolished the requirement to pledge allegiance to the King.

Carney government has no launch date planned for proposed sovereign wealth fund

Source: CBC Politics
Date: 2026-10-21 08:00:00.0
Tags: [National, Economy, Finance, Infrastructure, Industry, Governance]

Nearly six months after Prime Minister Mark Carney announced plans to create the Canada Strong Fund—a proposed national sovereign wealth fund backed by $25 billion in seed funding over three years—the federal government has yet to establish a launch date or finalize its operational details. Administered as an arm's-length Crown corporation, the fund is intended to invest domestically in energy, infrastructure, agriculture, and technology alongside private investors, while introducing a retail investment product for ordinary Canadians. Finance Minister François-Philippe Champagne's office indicated that a significant update, including leadership announcements and mandate reviews to prevent overlap with existing entities like the Canada Growth Fund and Canada Infrastructure Bank, will be provided in the upcoming fall budget.

Statement by Minister Quinn on Advancing Measures to Safeguard OSAP at Private Postsecondary Institutions

Source: Ontario - Ministry of Colleges and Universities
Date: 2026-10-20 21:25:00.0
Tags: [Ontario, Education, Governance, Finance]

The Ministry of Colleges, Universities, Research Excellence and Security (MCURES), utilizing third-party auditor KPMG, has launched in-person inspections at eight private career colleges as part of a broader system-wide audit. Pending upcoming legislative changes expected in early 2027 to enhance oversight and integrity, the Ontario Student Assistance Program (OSAP) remains paused for private postsecondary institutions. The forthcoming strengthened validation framework will introduce caps on OSAP-funded enrollment, exclude predominantly online-only programs, and mandate stricter student identification and verification controls.

Liberal government to table budget on Nov. 5

Source: CBC Politics
Date: 2026-10-20 18:50:43.0
Tags: [National, Economy, Finance, Trade, Governance]

Federal Finance Minister François-Philippe Champagne announced that the Liberal government under Prime Minister Mark Carney will table its federal budget on November 5, marking the second consecutive fall fiscal plan. The upcoming budget follows a spring economic update that projected a $65-billion deficit for the current fiscal year and comes amid a revised Parliamentary Budget Office outlook forecasting real GDP growth of 0.9 per cent for the year and a budgetary deficit peaking at $70.2 billion in 2027-28. The economic landscape is further defined by collapse in Canada-U.S. trade talks, reciprocal tariff implementations, and an annual inflation rate rising to 3.1 per cent in September primarily driven by fuel prices.

S-217 (45-1) - Fairness for All Canadian Taxpayers Act (measuring the tax gap to fight international tax evasion)

Source: Parliament of Canada (LEGISinfo)
Date: 2026-10-20 18:20:18.0
Tags: [National, Taxation, Finance, Governance]

Bill S-217, titled the Fairness for All Canadian Taxpayers Act (measuring the tax gap to fight international tax evasion), is a Senate Public Bill introduced by Senator Percy E. Downe to amend the Canada Revenue Agency Act regarding reporting on unpaid income tax. After completing its stages in the Senate, the bill crossed over to the House of Commons where it achieved second reading and was referred to the Standing Committee on Finance (FINA) on October 20, 2026. The legislation builds upon similar previously introduced bills, such as S-258 from the 44th Parliament and S-243 from the 42nd Parliament, aimed at improving fiscal transparency around Canada's tax gap.

Proposed remedy for workers affected by Bill 148 could cost N.S. $470 million

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-19 20:15:49.0
Tags: [Nova Scotia, Labour, Finance, Justice, Governance]

The Nova Scotia government has agreed to pay an estimated $470 million in compensation to roughly 81,000 public sector employees following a court ruling on Bill 148. Introduced in December 2015 by the former Liberal government and enacted in 2017, the legislation imposed four-year wage restrictions and eliminated long-term service awards. In February, Nova Scotia Supreme Court Justice Ann Smith ruled that Bill 148 infringed upon public servants' Charter rights, ordering a legal remedy. Nova Scotia Minister of Finance John Lohr stated that the $470 million settlement cost is reflected in the 2025–26 provincial budget, though Justice Smith must still give final sign-off on the proposed remedy.

Feds agree to more than double Yukon gov’t borrowing limit to $3B

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-19 19:29:03.0
Tags: [National, Finance, Governance, Economy]

The federal government has agreed via an order-in-council dated October 9 to more than double the Yukon government's borrowing limit from $1.2 billion to $3 billion. The territory's previous debt cap was nearing its limit, with the territorial budget estimating the Yukon was only about $32 million away from the threshold. Yukon Premier and Finance Minister Currie Dixon had previously stated he would consider resigning if his government breached its debt limit.

Auditor General Issues Public Accounts Audit Opinion

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-19 13:30:03.0
Tags: [Newfoundland and Labrador, Finance, Governance]

Auditor General of Newfoundland and Labrador Denise Hanrahan issued the province's 32nd consecutive unqualified audit opinion on the 2025-26 Public Accounts, marking the Office of the Auditor General's clean assessment of the government's financial statements. The financial documents, prepared under Chartered Professional Accountants of Canada standards, outline a provincial operating deficit of $378 million, a net debt of $19 billion, and total liabilities reaching $36 billion. Unlike the previous fiscal year, accounting issues related to the tobacco settlement did not recur, as the province fully paid the remaining $98 million in total settlement legal fees upfront rather than linking payments to future revenue realization.

Council requests premier's infill edict in writing 'as soon as possible'

Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-10-16 22:06:47.0
Tags: [Alberta, Municipal, Housing, Governance, Infrastructure, Finance]

Following an executive directive from Alberta Premier Danielle Smith ordering Edmonton City Council to rescind its zoning bylaw regarding small-scale residential (RS) zones, Edmonton City Council voted 12-1 on a motion demanding the province provide the order in writing. City administration projects the forced regulatory reversal will cost Edmontonians between $420 million and $610 million in construction business next year, halt over 2,000 rowhouse dwelling units, cut municipal planning and development reserves from $40 million to $25 million by 2030, and cost between $5 million and $10 million to implement under the Municipal Government Act.

In Unreliable Boyfriend, Chrystia Freeland details the rift between her and Trudeau

Source: CBC Politics
Date: 2026-10-15 08:00:00.0
Tags: [National, Governance, Finance, Trade]

In her book excerpts detailing her political tenure, former Deputy Prime Minister and Finance Minister Chrystia Freeland reveals the breakdown of her relationship with Prime Minister Justin Trudeau, culminating in her December 2024 resignation via a Zoom call. Freeland recounts key policy milestones and conflicts, including managing NAFTA and CUSMA trade negotiations with the United States, implementing retaliatory tariffs on steel and aluminum, and addressing over $12 billion in federal spending cuts. Following her resignation and subsequent departure as a Member of Parliament, Mark Carney assumed the role of Finance Minister and later became Prime Minister.

Members’ Compensation Review Committee Delivers Final Report

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-13 12:30:05.0
Tags: [Newfoundland and Labrador, Governance, Finance]

The 2026 Members’ Compensation Review Committee, conducted by Heather M. Jacobs, KC, has delivered its final report on salaries, allowances, severance, and pensions for Members of the House of Assembly in accordance with Section 16 of the House of Assembly Accountability, Integrity and Administration Act. The House of Assembly Management Commission is scheduled to review the recommendations during a technical briefing on Wednesday, October 21, 2026, ahead of potential legislative amendments. Any recommendations accepted by the Commission regarding salaries and pensions will require consideration of a related bill in the House of Assembly.

Immigration, high-speed rail and Bill 21: Where new PQ government could test Ottawa

Source: CBC Politics
Date: 2026-10-07 08:00:00.0
Tags: [National, Quebec, Immigration, Infrastructure, Transportation, Justice, Finance, Governance]

Following the Parti Québécois' provincial election victory, Premier-designate Paul St-Pierre Plamondon faces key policy friction points with Prime Minister Mark Carney's federal government. The PQ intends to seek full provincial control over immigration to reduce permanent immigrants to 35,000 and halve temporary immigration quotas, oppose the federal high-speed rail project connecting Toronto to Quebec City via Montreal, and seek $4.4 billion in additional federal transfers. Additionally, the new government plans to challenge federal authority by taking steps to abolish the monarchy in Quebec and cut funding to the lieutenant-governor's office, while awaiting a crucial Supreme Court of Canada ruling on Bill 21.

Ontario Clarifies Longstanding Out-of-Country Drug Funding Process

Source: Ontario - Ministry of Health
Date: 2026-10-06 21:00:00.0
Tags: [Ontario, Healthcare, Affordability, Governance, Finance]

The Government of Ontario has amended Regulation 552 of the Health Insurance Act to align with its longstanding out-of-country drug funding policy, restricting out-of-country funding to treatments where the drug and administration are publicly funded in Ontario, temporarily unavailable locally, and necessary to prevent death or irreversible tissue damage. According to the Ministry of Health led by Minister Sylvia Jones, the regulatory clarification aims to prevent global pharmaceutical companies from bypassing direct price negotiations with the province and avoids potential health-care system cost increases of up to $5.2 billion annually alongside $170 million in out-of-country treatment requests. This follows a recent Ontario Divisional Court decision concerning out-of-country drug funding, which the government is evaluating alongside options such as an appeal or a negotiated resolution with the applicant.