• 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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• 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.

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• 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.

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• 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.

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• 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.

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• 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.

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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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• 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.

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• 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.

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• 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.

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• Renewing Joint Municipal Infrastructure Funding Supports a Strong Saskatchewan

  Source: Saskatchewan - Government News
  Date: 2026-10-06 21:00:00.0
  Tags: [National, Saskatchewan, Municipal, Infrastructure, Finance, Governance]

  Saskatchewan Government Relations Minister Eric Schmalz, alongside municipal leaders from Regina, Saskatoon, Moose Jaw, Prince Albert, Swift Current, North Battleford, Yorkton, Weyburn, Lloydminster, SARM, SUMA, and New North, are traveling to Ottawa on October 6 and 7, 2026, to lobby federal leaders for greater flexibility in cost-shared infrastructure funding. The delegation is advocating for broader project scopes compared to current programs, referencing past initiatives like the Investing In Canada Infrastructure Program, which previously invested more than $2 billion across 460 municipal projects in the province. Discussions also encompass ongoing negotiations regarding the administration of the Provincial-Territorial stream of the Build Communities Strong Fund.

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• Premier to table fall capital budget as Yukon MLAs reconvene

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-05 11:00:00.0
  Tags: [National, Finance, Governance, Infrastructure, Public Safety]

  Yukon Premier Currie Dixon is scheduled to table the fall capital budget, a fiscal and economic outlook, and a new firearms act as the Yukon Legislative Assembly begins its fall sitting on Monday. The Finance Department also announced an upcoming update regarding $100 million in previously voted contingency spending set aside for emergencies and unforeseen expenses. Meanwhile, funding for major health and energy infrastructure projects remains contingent on federal contributions.

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• Internal documents detail Ottawa's economic worries over Alberta referendum

  Source: CBC Politics
  Date: 2026-10-03 08:00:00.0
  Tags: [National, Alberta, Economy, Finance, Energy, Governance]

  Internal documents from Finance Canada and the Justice Department dated June 2026 reveal federal concerns regarding potential economic impacts from Alberta's October 19 separation referendum, including an estimated $18-billion fiscal shock, corporate head office flight, and potential population outflows. The briefing notes highlight that Alberta accounts for 15 per cent of Canada's national GDP, contributes an average of $18 billion annually in net fiscal transfers between 2022 and 2024, and represents 31 per cent of Canada's exports. Furthermore, federal officials warn that existing federal pension legislation governing the Canada Pension Plan contains flawed language and payout formulas that would likely require Supreme Court interpretation if Alberta attempted to withdraw its assets.

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• Expect mini capital budget alongside firearms act this fall, Yukon premier says

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-29 15:05:02.0
  Tags: [National, Finance, Infrastructure, Governance, Public Safety]

  Yukon Premier and Finance Minister Currie Dixon announced that the Yukon Legislative Assembly will sit on October 5, 2026, to debate a mini capital budget, a supplementary budget, and the territorial fiscal and economic outlook. The upcoming budgetary process aims to address the territory's nearly $82-million deficit through the Responsible Spending Initiative, as well as tackle debt limits and capital planning to better align construction projects with the building season. Additionally, the government plans to table a territorial firearms act and continue discussions with the federal government regarding an increase to the territory's borrowing limit from $1.2 billion to $3 billion and solutions for the isolated electricity grid.

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• Carney government is inconsistent in how it labels spending, budget watchdog says

  Source: CBC Politics
  Date: 2026-09-24 16:39:13.0
  Tags: [National, Finance, Economy, Governance, Agriculture]

  The Office of the Parliamentary Budget Officer, led by Annette Ryan, released a report criticizing the federal Liberal government under Prime Minister Mark Carney for having inconsistent and contradictory definitions of spending within its new budget framework. The framework separates day-to-day operating expenses from capital investment measures, but lacks the stringent definitions used in jurisdictions like the United Kingdom, leading to discrepancies such as two similar Agriculture and Agri-Food Canada programs for farm equipment being classified differently. While Finance Minister François-Philippe Champagne's office maintains that the government will balance its operating budget next year, the Parliamentary Budget Office projects that Ottawa will reach this fiscal anchor two years later.

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• Some federal departments, agencies spending millions on more office time for staff

  Source: CBC Politics
  Date: 2026-09-24 16:15:25.0
  Tags: [National, Labour, Governance, Finance]

  Thirteen federal government departments and agencies plan to spend a combined $18,720,150 to reconfigure or acquire office space following a Treasury Board directive increasing mandatory in-office work targets to four days a week for public servants and full-time for executives. Innovation, Science and Economic Development Canada leads the expenditures at nearly $5.7 million, followed by Fisheries and Outcomes Canada at $4.2 million, the Canada Border Services Agency at $3.9 million, and Correctional Service Canada at $1.37 million. Treasury Board Secretary Bill Matthews stated the mandate is a philosophical choice aimed at improving teamwork, while union representatives and opposition MPs criticized the spending and lack of cost-effectiveness research.

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• Canada and the U.K. consider merging financial initiatives to rearm against Russia

  Source: CBC Politics
  Date: 2026-09-21 18:10:23.0
  Tags: [National, Defence, Finance, Trade, Governance]

  Canadian and British officials are considering merging Canada's proposed Defence, Security and Resilience Bank (DSRB) and the United Kingdom's Multilateral Defence Mechanism ahead of their scheduled 2027 launches to help allies rearm against Russia and other international threats. Prime Minister Mark Carney and British Prime Minister Andy Burnham discussed the potential consolidation during a bilateral meeting in Liverpool, as Canada seeks a major financial player to ensure adequate lending capacity for defence companies to scale up production. To date, Canada has signed up Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey, and Ukraine to the DSRB, while the United Kingdom has secured the Netherlands, Finland, and Poland for its competing financing framework.

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• Canada won't pay directly into EU budget under Carney's plan: ambassador-designate

  Source: CBC Politics
  Date: 2026-09-19 08:00:00.0
  Tags: [National, Trade, Defence, Technology, Finance, Governance]

  Incoming EU Ambassador-Designate Jonathan Wilkinson announced that Canada will not pay directly into the European Union budget under Prime Minister Mark Carney's proposed "unique alliance." However, Canada may contribute funding to specific strategic programs, such as the EU's Security Action for Europe (SAFE) defence loan program, Horizon research initiatives, and Erasmus+ student exchanges. Carney formally outlined his vision for the partnership before the European Parliament, aiming for seamless digital trade, critical mineral investments, and AI safety protocols, while facing skepticism from some European politicians and tariff threats from U.S. President Donald Trump.

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• How could rules for Yukon political party fundraising change? Here’s what some say

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-18 10:00:00.0
  Tags: [National, Governance, Finance]

  The Yukon Legislative Assembly's special committee on electoral financing is reviewing potential changes to territorial fundraising rules and donation limits under the Elections Act, with a reporting deadline of October 31, 2026. Democracy Watch head Duff Conacher submitted a 10-page brief characterizing the Yukon's current system as "legalized bribery" and advocating for a $100 individual donation cap modeled after Quebec. Political parties including the Yukon Liberals and Yukon NDP have submitted proposals addressing corporate and union donations, out-of-country contributions, and transparency for other revenue streams, while the Yukon Party government holds the majority decision-making power on the committee.

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• N.B. and N.S. gaming Crown corps fined for lax money laundering reports

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-03 15:54:15.0
  Tags: [Nova Scotia, New Brunswick, National, Public Safety, Finance, Governance]

  The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has fined the New Brunswick Lotteries and Gaming Corporation nearly $400,000 and the Nova Scotia Gaming Corporation almost $232,000 for failing to submit suspicious transaction reports regarding potential money laundering or terrorist activity financing. Fintrac's acting director and CEO Stéphane Sirard noted that both organizations failed in their legal obligations under federal anti-money laundering frameworks. Additionally, the Nova Scotia Gaming Corporation was cited for failing to develop up-to-date written compliance policies and failing to document the specific risks of money laundering or terrorist activity financing offenses.

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