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PwC Canada’s analysis of the 2026 spring economic update

How the federal government aims to mobilize private capital while addressing affordability concerns and infrastructure priorities.

The federal government’s spring economic update provides insight into Canada’s approach to navigating ongoing economic challenges and advancing key infrastructure priorities. It signals the government’s direction and sets the tone for collaboration between the public and private sectors in shaping Canada's economic future.

This collaboration is critical as Canada works to transform its economic foundation. Businesses are reinventing and turning disruption into value creation. Harnessing technologies such as artificial intelligence to boost productivity. Connecting sustainability to growth. All while building the trust needed to power Canada’s way forward. This requires unlocking massive amounts of public and private capital to reconfigure the economy and help companies capture a share of the trillions of dollars worth of value in motion.

This fiscal update underscores the importance of infrastructure investments as a foundation for economic growth and competitiveness. This emphasis reflects the government’s focus on building resilience while positioning Canada to capitalize on emerging opportunities in an uncertain global environment.

Explore the implications in our analysis as well as our Tax Insights.

2026 provincial and territorial budgets

The release dates for provincial and territorial budgets are noted. If the budget announces significant tax measures, we will also prepare a Tax Insights publication to summarize them. 

 

Alberta
February 26, 2026                              
British Columbia
February 17, 2026 – Tax Insights
Manitoba
March 24, 2026
New Brunswick
March 17, 2026
canada-flags-nl.png Newfoundland and Labrador
April 29, 2026
Northwest Territories
February 5, 2026
Nova Scotia
February 23, 2026
Nunavut
Not yet announced, 2026
Ontario
March 26, 2026 – Tax Insights
Prince Edward Island
April 14, 2026                                  
Quebec
March 18, 2026 – Tax Insights
Saskatchewan
March 18, 2026 – Tax Insights
Yukon
March 19, 2026

Canada’s new transfer pricing rules 

A practical discussion (*recorded April 21, 2026)

Webcast on demand*

Beyond the budget

Unlock value in motion (*recorded November 6, 2025)

Webinar on demand*

Past Federal, Provincial and Territorial budgets

2025 budgets 2024 budgets

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Sabrina Fitzgerald

Sabrina Fitzgerald

National Tax Leader, PwC Canada

Neil Manji

Neil Manji

National Director connect Program Leader, National Energy, Utilities, and Resources & Industrials and Services leader, PwC Canada

Tel: +1 416 687 8130

Chris  Mar

Chris Mar

Partner, AI, Tech, and Data Markets Leader, PwC Canada

Tel: +1 416 687 8125

Colin Mowatt

Colin Mowatt

Partner, Tax Policy Leader, PwC Canada

Tel: +1 416 723 0321

Fred Cassano

Fred Cassano

Partner, National Real Estate Leader, PwC Canada

Tel: +1 905 418 3469

Johanne Mullen

Johanne Mullen

Partner, Deals, National Leader - Real Assets, PwC Canada

Tel: +1 514 501 0304

Laura Wood

Laura Wood

Partner, Government and Public Sector; Global Defence Leader, PwC Canada

Tel: +1 416 500 5623

Mikaela McQuade

Mikaela McQuade

Economics and Policy Practice Leader, PwC Canada

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