Federal and provincial budgets
The latest budget from the federal government and each province and territory, with a link to it, and how a budget’s tax changes reach the figures on this site.
View saved pagesLatest budgets
Each link goes to the budget on that government’s own website. A fiscal year such as 2026–27 runs from April 1, 2026 to March 31, 2027.
| Government | Latest budget | Tabled | Link |
|---|---|---|---|
| Canada (federal) | Budget 2025Fiscal year 2025–26 | ||
| Alberta | Budget 2026Fiscal year 2026–27 | ||
| British Columbia | Budget 2026Fiscal year 2026–27 | ||
| Manitoba | Budget 2026Fiscal year 2026–27 | ||
| New Brunswick | 2026–2027 BudgetFiscal year 2026–27 | ||
| Newfoundland and Labrador | Budget 2026Fiscal year 2026–27 | ||
| Nova Scotia | Budget 2026–27Fiscal year 2026–27 | ||
| Northwest Territories | Budget 2026Fiscal year 2026–27 | ||
| Nunavut | Budget 2026-27Fiscal year 2026–27 | ||
| Ontario | 2026 Ontario BudgetFiscal year 2026–27 | ||
| Prince Edward Island | 2026–2027 Operating BudgetFiscal year 2026–27 | ||
| Quebec | Budget 2026–2027Fiscal year 2026–27 | ||
| Saskatchewan | 2026–27 BudgetFiscal year 2026–27 | ||
| Yukon | Budget 2026Fiscal year 2026–27 |
What a budget is
A budget is a government’s financial plan: what it expects to collect and spend, and the new measures it intends to take, including changes to taxes. The Department of Finance Canada describes the federal budget as the annual blueprint for the government’s economic agenda.
Starting with Budget 2025, the federal budget is presented in the fall, followed by an economic and fiscal update in the spring. The provincial and territorial budgets in the table above were tabled between February 5 and May 25, 2026.
Budget tax changes start as proposals
A budget announces tax changes; it doesn’t make them law. The federal budget’s tax annex describes the tax measures “proposed in the Budget” and includes notices of ways and means motions to amend the Income Tax Act and other tax laws. Until a change is enacted, it can still be changed, delayed or dropped.
For example, an increase in the taxable share of capital gains, from one-half to two-thirds (on all gains of corporations and most trusts, and on individuals’ gains above an annual threshold), was to apply from June 25, 2024. Its start was deferred to January 1, 2026, and the increase was later cancelled. When the start was deferred, the CRA went back to applying the enacted one-half rate, and said it would reassess the corporations that had already filed using two-thirds.
When our figures change
We change a tax figure only once it’s officially published: by the CRA on its tax forms and guides, its payroll deductions formulas (T4127) and TD1 forms, or its rates pages, and for Quebec by Revenu Québec (or Retraite Québec and Québec.ca for some QPP and QPIP figures). Provincial sales tax rates the CRA doesn’t administer come from that province’s own website. We don’t change figures when a budget is announced, and we never estimate a figure that hasn’t been published: it shows as [TODO] until it is.
So for a while after a budget, our calculators and rates tables can differ from tools that apply announced changes straight away. When the CRA publishes the new figures, we add them and say so on What’s new.
Where to read a budget’s tax measures
The federal budget has an annex called “Tax measures: supplementary information”, which describes each proposed tax change and when it would apply. Provincial and territorial budgets set out their tax changes in their own budget documents: follow the links in the table.
The CRA also lists changes it administers on its “What’s new” pages. What’s new for corporations, for example, shows which provincial budget a change came from. For the figures that apply to you now, see our rates tables and tax statistics.
Sources
- Department of Finance Canada: Federal budget (what the budget is; fall budgets from Budget 2025) · Checked October 11, 2026
- Department of Finance Canada: Modernizing Canada’s budgeting approach (Budget 2025 released November 4, 2025) · Checked October 11, 2026
- Budget 2025: Tax measures: supplementary information · Checked October 11, 2026
- CRA: Update on the Canada Revenue Agency’s administration of the proposed capital gains taxation changes (January 31, 2025) · Checked October 11, 2026
- CRA: What’s new for corporations (changes listed by the budget they came from; capital gains increase deferred, then cancelled) · Checked October 11, 2026
- CRA: T4127 Payroll deductions formulas · Checked October 11, 2026
Notes
- Budgets table: Each budget in the table was checked on the government’s own website on October 11, 2026.