Canada Seeks Budget Input as Tax Cut, Defense Challenges Loom

July 15, 2025, 6:03 PM UTC

Canada is soliciting public recommendations as it prepares a budget that must balance tax cuts with large defense spending increases amid an ongoing tariff war with the US.

Finance Minister Francois-Philippe Champagne launched a consultation asking the public to name fiscal priorities ahead of a budget in the fall, the first for Prime Minister Mark Carney’s Liberal government.

The budget will focus on job creation, building more homes, large nation-building projects, and expanding Canada’s defense industry, a Department of Finance news release said Monday. The consultation runs until Aug. 28.

Participants are ...

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