Vote Yes
An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025
On balance, the bill advances growth, investment, and competitiveness through open banking, digital-asset clarity, long-horizon resource exportability, and targeted tax simplification. Concerns remain about higher borrowing and large new spending, but the structural pro‑productivity elements are substantial.
Why does the bill raise the federal borrowing limit to $2.541 trillion while creating new multi‑billion‑dollar programs, and what specific fiscal guardrails will ensure these outlays translate into measurable productivity gains rather than higher debt service costs?
With $11.5 billion earmarked for Build Canada Homes and expanded powers for expropriation under the High‑Speed Rail Network Act, what safeguards ensure timely delivery and value for money?
How will the government quantify the growth and competition benefits from repealing the Digital Services Tax, ending the Underused Housing Tax and luxury levies on aircraft and vessels, and when will Parliament receive a public report on trade, investment and housing supply impacts?
Open banking, stablecoin rules, LNG licence extensions, HSR, and removal of DST/UHT/luxury levies collectively target investment, innovation, infrastructure and trade growth.
Red Tape Reduction Act empowers time-limited regulatory exemptions; repeals of DST and UHT and removal of certain luxury taxes directly cut compliance burden and friction.
HSR corridor, financial-sector modernization, open banking, and stablecoin clarity aim to raise efficiency and competition; Canada Post and CTA/Aeronautics streamlining speed operations.
50‑year LNG export licences, DST repeal (avoiding trade retaliation), and sector tax measures support energy, mining and advanced manufacturing exports.
Expanded clean tech/CCUS/manufacturing credits, financial data mobility, stablecoin regime, and removal of distortionary taxes support capital formation and tech adoption.
Some efficiency gains (regulatory streamlining, Canada Post flexibility) are offset by sizable new spending (housing programs, early retirement options) and a higher borrowing cap.
Repealing DST/UHT and enhancing investment tax credits reduces disincentives and channels capital toward productive, innovative sectors.
Major structural moves—open banking, stablecoin regulation, HSR framework, financial-sector modernization, and LNG export terms—are system-level changes.
Did we get the builder vote wrong?
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