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

  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.

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• 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.

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• 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.

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• With city's next four-year plan less than a month away, Edmonton's budget deliberation process unveiled

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-10-06 20:29:58.0
  Tags: [Municipal, Alberta, Finance, Taxation, Governance, Affordability]

  The City of Edmonton unveiled its upcoming four-year budget deliberation process, which will encompass five distinct budgets: the capital, operating, utility services operating and capital, office of the city auditor, and climate budgets. Draft budgets are scheduled for publication on November 2, followed by a public hearing beginning on November 23 that will remain open for up to 10 days until December 18 or budget approval. In an 8-5 vote, City Council approved raising the city's franchise fee to 19.4 per cent to match Calgary's rate, aiming to offset property tax pressures on residents and businesses while the city works to rebuild its financial stabilization reserve back to the $150-million baseline.

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• 'Momentous decision': Alberta separation could cost up to $170 billion, says U of C report

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-09-16 17:30:44.0
  Tags: [Alberta, Economy, Finance, Governance, Taxation, Trade]

  A government-commissioned report from the University of Calgary School of Public Policy estimates that establishing an independent Alberta would cost between $50 billion and $170 billion in the first five years following separation. Under a 'smooth' secession scenario, the report projects Alberta would add nearly $210 billion in debt—largely from its share of Canada's national debt—along with short-term GDP contraction and initial per-capita tax increases of over $800. Under a 'difficult' scenario involving adversarial negotiations, Alberta's total debt could approach $442 billion (making up nearly 90 per cent of its GDP) with per-capita wage losses reaching $5,500 and short-term tax increases of $5,400 over the first five years. The findings precede an October 19 vote regarding whether the province should further pursue separation, as overseen by Finance Minister Jason Nixon's office and a five-member advisory panel.

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