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Canada to present its main federal budget in autumn from this year on, says government

The new framework separates operational and capital spending to improve transparency and financial planning, with the federal deficit expected to near $70 billion, officials said.

  • On Nov. 4, the Liberal government will introduce this year's budget and table all future federal budgets in the fall, ending the spring tradition.
  • The new capital budgeting framework separates operational spending from capital investments and fulfils a promise made by Prime Minister Mark Carney during the last federal election campaign.
  • The fall economic and fiscal update will move to spring, swapping the traditional release schedule, while Finance Canada defines capital investment broadly, including tax incentives, research and development, and housing stock increases.
  • The schedule change will help businesses plan financially ahead of the spring construction season and give organizations that rely on federal funding clearer budget expectations.
  • Officials note more budget measures will be ready for the main estimates, which must be tabled by March 1 for parliamentary approval.
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With deficit set to soar, Ottawa shifts budgets from spring to fall

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The Record broke the news in Waterloo, Canada on Monday, October 6, 2025.
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