2025 federal budget

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PwC’s federal budget analysis

The newly re-elected federal minority Liberal government has indicated that it will present a 2025 fall budget.

Moderating inflation hasn't fully eased Canadians’ cost-of-living concerns or housing affordability challenges, and US trade and tariff policies are fuelling economic uncertainty. Simultaneously, business leaders are tackling productivity challenges while pursuing emerging opportunities, such as establishing Canada as a leading global supplier of critical minerals. The new federal government must manage these and other priorities while also navigating increased pressure to control costs. The annual budget represents the government’s economic plan on how it will prioritize its investments to help support Canadians.

Sign upOpens in a new window to be the first to receive PwC Canada’s in-depth federal budget analysis and learn how the government proposes to address the challenges Canadians face, prioritize economic investments and implement tax measures that encourage economic growth.

2025 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 27, 2025 • Tax InsightsOpens in a new window                              
British Columbia
March 4, 2025 • Tax InsightsOpens in a new window
Manitoba
March 20, 2025 • Tax InsightsOpens in a new window
New Brunswick
March 18, 2025
canada-flags-nl.png Newfoundland and Labrador
April 9, 2025
Northwest Territories
February 6, 2025
Nova Scotia
February 18, 2025 • Tax InsightsOpens in a new window
Nunavut
February 24, 2025
Ontario
May 15, 2025 • Tax InsightsOpens in a new window
Prince Edward Island
April 10, 2025                                      
Quebec
March 25, 2025 • Tax InsightsOpens in a new window
Saskatchewan
March 19, 2025
Yukon
March 6, 2025

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Sabrina Fitzgerald

Sabrina Fitzgerald

National Tax Leader, PwC Canada