Canadas New Govt to Consult on First Federal Budget
In the election, Canadians called for change – and Canada’s new government is moving with urgency to deliver this change. Budget 2025 will spend less and invest more to catalyze private capital, unleash investment, and build the strongest economy in the G7.
As the new government prepares for the tabling of Budget 2025 in the fall, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, is launching pre-budget consultations. Starting today, until August 28, 2025, Canadians can participate in the consultations by sharing their thoughts on key issues at Canada.ca/YourBudget.
Consultations will focus on bringing down costs for Canadians – building on measures such as the middle-class tax cut which saves a two-income family up to $840 a year and removing GST on new homes under $1 million for first-time buyers. Consultations will also emphasize job-creation, including measures to build more homes, expedite nation-building projects, and bolster Canada’s defence industrial capacity.
In the weeks to come, the Minister of Finance, alongside Secretary of State, Wayne Long, and Parliamentary Secretary, Ryan Turnbull, will also be meeting with stakeholders and individuals across the country as part of the pre-budget consultation process.
This Budget will deliver on the new government’s mandate to bring down costs, keep communities safe, diversify trade, and build one strong Canadian economy. With a responsible fiscal plan – we will spend less, invest more, and build Canada as an economic force for decades to come.
https://www.canada.ca/en/department-finance/news/2025/07/canadas-new-government-to-consult-on-its-first-federal-budget.html