Erik Hertzberg
(Bloomberg) – Prime Minister Mark Carney plans to release major fiscal documents in Canada that continues to shift the country’s federal budget to change when it falls.
On Monday, Finance Minister Francois-Phillipe Champagne said the government would issue key fiscal documents “modernized budget cycle” later in the calendar year.
He also proposed a broad definition of how government plans to mark capital investment expenditures, designate any expenditure or tax relief “to help with the formation of public or private sector capital”, ultimately retained directly on the balance sheet.
“By turning to the fall budget cycle and introducing a new capital budget framework, we are making more timed, more transparent decisions,” Champagne said in its prepared speech.
Carney has delayed the budget until November 4, but is usually released in the first half of the year. The April election and ongoing trade disputes with us are considered the cause of the delay.
The government said the change will provide organizations, companies and investors with “greater predictability” and plans and better aligned with the construction season to allow home builders and investors to provide more delivery time for upcoming projects.
Capital transfers to provinces invest in infrastructure or production assets, capital-centric tax incentives, amortization of federal capital, and private sector R&D will be considered capital investments.
– With the assistance of Brian Platt.
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Last modified: October 6, 2025
