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"I am announcing today common sense Conservatives will reverse last June’s Liberal tax hike on capital gains—a tax economists agree will kill 400,000 jobs."

"Canada will increase its capital gains taxes by effectively about 30% higher tax."

"We are very committed to the capital gains measures that we put forward in the budget."

Will the Capital Gains Tax in Canada Be Raised?

The Canadian government released its spring economic update on Tuesday, announcing CA$37.5 billion ($27.4 billion) in spending on new measures, after projections for the country's 2025-26 deficit were roughly CA$11.5 billion lower than previously estimated at CA$66.9 billion, partly due to increased revenue from rising oil prices.

The Canadian government released its spring economic update on Tuesday, announcing CA$37.5 billion ($27.4 billion) in spending on new measures, after projections for the country's 2025-26 deficit were roughly CA$11.5 billion lower than previously estimated at CA$66.9 billion, partly due to increased revenue from rising oil prices.

Among the new initiatives is the "Team Canada Strong" program, a CA$6 billion plan to recruit, train and hire 80,000 to 100,000 new Red Seal skilled trades workers by 2030-31, targeting youth aged 15 to 30 with paid entry-level placements that lead to apprenticeships. The policy comes as Canada's youth unemployment rate sits at 13.8%.

Among the new initiatives is the "Team Canada Strong" program, a CA$6 billion plan to recruit, train and hire 80,000 to 100,000 new Red Seal skilled trades workers by 2030-31, targeting youth aged 15 to 30 with paid entry-level placements that lead to apprenticeships. The policy comes as Canada's youth unemployment rate sits at 13.8%.

The government will also seed CA$25 billion over three years for a new sovereign wealth fund, the Canada Strong Fund, operated by a new Crown corporation, which will invest in "key, strategic Canadian projects and companies" in coordination with the Major Projects Office.

The government will also seed CA$25 billion over three years for a new sovereign wealth fund, the Canada Strong Fund, operated by a new Crown corporation, which will invest in "key, strategic Canadian projects and companies" in coordination with the Major Projects Office.

In addition, the update proposes reducing the base Canada Pension Plan contribution rate from 9.9% to 9.5% effective Jan. 1, 2027, a change that the government claims would save an employee earning CA$70,000 annually approximately CA$133 per year, with equal savings for the employer.

In addition, the update proposes reducing the base Canada Pension Plan contribution rate from 9.9% to 9.5% effective Jan. 1, 2027, a change that the government claims would save an employee earning CA$70,000 annually approximately CA$133 per year, with equal savings for the employer.

A new Financial Crimes Agency, an independent body with police powers reporting to the finance minister, will, meanwhile, receive CA$418 million to investigate major financial crimes. The spring update likewise proposes banning crypto ATMs, which the Canadian Anti-Fraud Centre linked to CA$14.2 million in reported scams in 2024.

A new Financial Crimes Agency, an independent body with police powers reporting to the finance minister, will, meanwhile, receive CA$418 million to investigate major financial crimes. The spring update likewise proposes banning crypto ATMs, which the Canadian Anti-Fraud Centre linked to CA$14.2 million in reported scams in 2024.

Sports and the environment also feature in the update, with Canadian Heritage to receive CA$755 million over five years for Canada's sport system, while the government will invest CA$252.1 million in measures to protect Canada's whale population.

Sports and the environment also feature in the update, with Canadian Heritage to receive CA$755 million over five years for Canada's sport system, while the government will invest CA$252.1 million in measures to protect Canada's whale population.

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Canada's spring economic update projects the 2025-26 federal deficit at $66.9 billion — roughly $11.5 billion lower than the $78.3 billion forecast in the fall budget, due in part to higher revenues from oil prices and personal and corporate taxes.

Canada's spring economic update projects the 2025-26 federal deficit at $66.9 billion — roughly $11.5 billion lower than the $78.3 billion forecast in the fall budget, due in part to higher revenues from oil prices and personal and corporate taxes.

The federal government's "Team Canada Strong" program commits $6 billion over five years to recruit, train and hire 80,000 to 100,000 new Red Seal skilled trades workers by 2030-31, targeting youth aged 15 to 30 with paid entry-level placements leading to apprenticeships.

The federal government's "Team Canada Strong" program commits $6 billion over five years to recruit, train and hire 80,000 to 100,000 new Red Seal skilled trades workers by 2030-31, targeting youth aged 15 to 30 with paid entry-level placements leading to apprenticeships.

The update proposes reducing the base Canada Pension Plan contribution rate from 9.9 per cent to 9.5 per cent effective Jan. 1, 2027, a change unanimously supported by provincial finance ministers that would save an employee earning $70,000 annually about $133 per year.

The update proposes reducing the base Canada Pension Plan contribution rate from 9.9 per cent to 9.5 per cent effective Jan. 1, 2027, a change unanimously supported by provincial finance ministers that would save an employee earning $70,000 annually about $133 per year.

The government plans to establish the Financial Crimes Agency, an independent body with police powers reporting to the finance minister, allocating $418 million over five years to investigate money laundering, serious fraud and major capital market crimes. The update also proposes banning crypto ATMs, which the Canadian Anti-Fraud Centre linked to $14.2 million in reported scam losses in 2024.

The government plans to establish the Financial Crimes Agency, an independent body with police powers reporting to the finance minister, allocating $418 million over five years to investigate money laundering, serious fraud and major capital market crimes. The update also proposes banning crypto ATMs, which the Canadian Anti-Fraud Centre linked to $14.2 million in reported scam losses in 2024.

The update allocates $755 million over five years to Canadian Heritage for sport, including $660 million for national sport organizations, $45 million for high-performance athlete support and $50 million to upgrade facilities for world-class events.

The update allocates $755 million over five years to Canadian Heritage for sport, including $660 million for national sport organizations, $45 million for high-performance athlete support and $50 million to upgrade facilities for world-class events.

The update proposes $160.8 million over five years to protect whale habitats across all Canadian coasts and an additional $91.3 million over five years to implement regional noise monitoring on the West Coast and address threats to the endangered Southern Resident Killer Whale population.

Budget

The update proposes $160.8 million over five years to protect whale habitats across all Canadian coasts and an additional $91.3 million over five years to implement regional noise monitoring on the West Coast and address threats to the endangered Southern Resident Killer Whale population.

Canada's Spring Economic Update 2026 proves the government is delivering real fiscal discipline while building a stronger economy. Projected deficits are lower across the fiscal horizon, and the Canada Strong Fund gives everyday Canadians a direct stake in nation-building projects. This is responsible governance that cuts costs, creates skilled trades jobs and invests in communities.

Canada's Spring Economic Update 2026 proves the government is delivering real fiscal discipline while building a stronger economy. Projected deficits are lower across the fiscal horizon, and the Canada Strong Fund gives everyday Canadians a direct stake in nation-building projects. This is responsible governance that cuts costs, creates skilled trades jobs and invests in communities.

The Carney Liberals slashed the projected deficit on paper, then turned around and announced $37.5 billion in new spending, pushing the actual 2025-26 deficit to $66.9 billion. Debt servicing alone will cost taxpayers $54 billion this year — roughly equal to all federal health care spending. Calling that fiscal discipline is pure fiction.

The Carney Liberals slashed the projected deficit on paper, then turned around and announced $37.5 billion in new spending, pushing the actual 2025-26 deficit to $66.9 billion. Debt servicing alone will cost taxpayers $54 billion this year — roughly equal to all federal health care spending. Calling that fiscal discipline is pure fiction.

Canada's Deficit Drops $11.5B in Spring Update

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Canada's spring update proves that the Liberal government is delivering real fiscal discipline while building a stronger economy. With lower deficit projections across the fiscal horizon and measures such as the Canada Strong Fund giving Canadians a stake in their country, the fruits of this endeavor will cut costs, create skilled jobs and invest in local communities.

Canada's spring update proves that the Liberal government is delivering real fiscal discipline while building a stronger economy. With lower deficit projections across the fiscal horizon and measures such as the Canada Strong Fund giving Canadians a stake in their country, the fruits of this endeavor will cut costs, create skilled jobs and invest in local communities.

Mark Carney promised fiscal responsibility, yet has delivered nothing more than another Liberal budget. After slashing the projected deficit on paper, the government has announced CA$37.5 billion in new spending, exacerbating the country's fiscal crisis at a time when debt servicing is already costing taxpayers CA$54 billion per year. To claim this is prudent governance is a farce.

Mark Carney promised fiscal responsibility, yet has delivered nothing more than another Liberal budget. After slashing the projected deficit on paper, the government has announced CA$37.5 billion in new spending, exacerbating the country's fiscal crisis at a time when debt servicing is already costing taxpayers CA$54 billion per year. To claim this is prudent governance is a farce.

The government's spring update is a swing and a miss. Instead of announcing measures that would genuinely address the affordability crisis and protect Canada's economic sovereignty, the Liberals have chosen to tinker around the edges. This timidity serves no one, except the interests of the billionaire class and the mega corporations, who once again escape paying their fair share.

The government's spring update is a swing and a miss. Instead of announcing measures that would genuinely address the affordability crisis and protect Canada's economic sovereignty, the Liberals have chosen to tinker around the edges. This timidity serves no one, except the interests of the billionaire class and the mega corporations, who once again escape paying their fair share.

Canada Releases 2026 Spring Economic Update

Canada's DeficitReleases Drops2026 $11.5BSpring inEconomic Spring Update

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