Commitments
Increase penalties for predatory debt advisors under the Bankruptcy and Insolvency Act
Expands OSB enforcement by adding civil fines and raising the maximum criminal fine to $100,000 for individuals and $1 million for corporations.
Economy and TradeExpand the Clean Technology Demonstration initiative to global markets
Expands the scope of the existing Clean Technology Demonstration initiative under the NRC's IRAP to support the deployment of Canadian clean tech solutions in international markets.
Environment and ClimateAmend corporate acts to expedite dissolution of terrorist-listed federal corporations
Amends the Canada Business Corporations Act, Not-for-profit Corporations Act, and Cooperatives Act to enable the expedited dissolution of entities listed as terrorist organizations under the Criminal Code.
Justice and Public SafetyWind down the Tourism Growth Program after 2025-26
Regional Development Agencies will terminate the dedicated Tourism Growth Program following the 2025-26 fiscal year, transitioning the tourism sector to rely on standard economic development programming.
Economy and TradeAchieve 2 percent savings across federal research granting councils
The Canadian Institutes of Health Research, Natural Sciences and Engineering Research Council, and Social Sciences and Humanities Research Council will implement a 2% budget reduction on their operational review bases.
Education and ResearchReduce Statistics Canada data collection frequency
Decrease the frequency and detail of data collection for less relevant datasets at Statistics Canada by adopting statistical modelling and modern analytical methods.
Government ReformInvest $5 billion in the Strategic Response Fund
Invest $5 billion over six years, starting in 2025-26, to provide flexible terms helping firms impacted by tariffs to adapt and diversify.
Economy and TradeInvest $334.3 million over five years to support quantum technology adoption in defence
Allocates $334.3 million starting in 2025-26 to ISED, NRC, and NSERC to anchor quantum companies in Canada and integrate their technologies into defence applications.
Defence and SecurityInvest $656.9 million over five years to commercialize dual civilian-military technologies
Provides $656.9 million to ISED starting in 2025-26 to advance dual-use technologies in sectors like aerospace, cybersecurity, AI, and biodefence.
Defence and SecurityProvide $1.0 billion to create the Defence and Security Business Mobilization Program
Capitalizes a new program at the Business Development Bank of Canada in 2025-26 to offer loans, venture capital, and advisory services to SMEs in the defence sector.
Defence and SecurityConsult on a modernized Spectrum Licence Transfer Framework in late 2025-26
The government will consult on an updated framework for spectrum license transfers in late 2025-26 to ensure the telecom industry has appropriate access to quality spectrum.
Economy and TradeIncrease maximum criminal fines for non-compliance under the Bankruptcy and Insolvency Act
To deter predatory practices, the Bankruptcy and Insolvency Act will be amended to increase maximum criminal fines for non-compliance from $5,000 to $100,000 for individuals and $1 million for corporations.
Justice and Public SafetyExpedite dissolution of federal corporations listed as terrorist entities
Amends federal corporate acts to expedite the dissolution process for any federal corporation that gets listed as a terrorist entity under the Criminal Code.
Justice and Public SafetyTransfer the Canadian Small Business Financing Program to the Business Development Bank of Canada
ISED will transfer oversight and delivery of the Canadian Small Business Financing Program to the Business Development Bank of Canada to streamline business support services and eliminate redundant programming.
Economy and TradePhase out the Net Zero Accelerator funding envelope
ISED will not renew the Net Zero Accelerator funding under the Strategic Innovation Fund due to declining demand and to reduce overlap with other investments.
Economy and TradeInvest $231 million to enhance the BDC's Pivot to Grow program for steel enterprises
Enhances the BDC's Pivot to Grow program to support SME steel enterprises facing liquidity challenges.
Economy and TradeInvest up to $1 billion in the Regional Tariff Response Initiative
Funds the Regional Tariff Response Initiative through Regional Development Agencies to provide financial support, including non-repayable contributions, to businesses affected by tariffs.
Economy and TradeLaunch a $5 billion Strategic Response Fund for tariff-impacted firms
Creates a new fund to assist businesses affected by tariffs in offsetting market access costs, retooling, and expanding into new markets.
Economy and TradeProvide up to $700 million in loan guarantees for the forestry sector
Offers loan guarantees administered by the Business Development Bank of Canada to support the forestry and softwood lumber sector during restructuring.
Economy and TradeConsult on a Streamlined Telecommunications Tower-Siting Process
Launch consultations later this year to reduce the regulatory burden for deploying telecommunications infrastructure, specifically focusing on tower-siting.
Infrastructure and TransportImplement a "Dig Once" Policy for Nation-Building Projects
Adopt a policy to encourage the coordinated installation of fibre optic lines during the development of major national infrastructure projects.
Infrastructure and TransportAmend the Competition Act's Greenwashing Provisions
Propose legislative amendments to refine the Competition Act's recent greenwashing enforcement provisions to mitigate investment uncertainty while maintaining protections against false claims.
Economy and TradeCreate a Capstone Organization for Federal Science and Research Granting Agencies
Creates a new overarching coordinating body to oversee and align the efforts of Canada's existing federal science and research granting agencies toward mission-driven objectives.
Education and ResearchCreate the Canadian Sovereignty and Resilience Research Fund
Launch a new research fund designed to attract leading researchers (including professors and graduate students) to Canadian institutions, particularly those facing funding cuts in the U.S.
Education and ResearchMake the Black Entrepreneurship Program Permanent
Converts the Black Entrepreneurship Program from a temporary initiative into a permanent fixture with ongoing baseline funding to support Black-owned businesses.
Economy and TradeRecapitalize the Venture Capital Catalyst Initiative by $1 Billion
Inject an additional $1 billion into the Venture Capital Catalyst Initiative (VCCI) to fuel the startup ecosystem, which will include a dedicated funding stream specifically for early-stage defence companies.
Economy and TradeSubject public health system transactions to stringent review under the Investment Canada Act
Clarifies the Investment Canada Act to ensure any foreign or private transactions involving core public health infrastructure, like long-term care and family practices, face stringent reviews.
HealthcareStrengthen the Investment Canada Act to protect strategic sectors
Amends the Investment Canada Act to make more transactions reviewable and modernize standards to capture manipulative models, specifically addressing risks to data sovereignty, intellectual property, and critical minerals.
Economy and TradeBuild an "All-in-Canada" network for auto manufacturing components
Partners with industry to build a domestic network for auto components, aiming to limit cross-border parts movement during production and attract local investment.
Economy and TradeProvide adaptation support for manufacturers and enforcement funding for the Competition Bureau
Allocate funding to assist manufacturers in transitioning to new origin labelling requirements and resource the Competition Bureau to enforce compliance.
Economy and TradeIncrease stringency in origin of product labelling
Implement stricter and more transparent product labelling regulations to clearly identify authentically Canadian-made products across retail and manufacturing sectors.
Economy and Trade