Federal Budget 2026 puts Canada’s tax system in the spotlight

On November 5, 2026, Prime Minister Mark Carney's government unveiled its federal budget in Ottawa, focusing on reducing Canada's reliance on the United States despite ongoing trade tensions. The budget includes tens of billions of dollars to boost economic growth and ensure Canadian sovereignty. Finance Minister Francois-Philippe Champagne emphasized that the budget aims to build up Canada’s economy and diversify its trade. Additionally, the government announced plans to add 200,000 permanent residence spots for temporary migrants in 2027 while maintaining steady immigration targets over the next three years. The National Association of Friendship Centres welcomed these investments as opportunities to improve outcomes for Indigenous Peoples living in urban communities across Canada.