The Budget

The House debated the government’s budget, which members connected to the Building Canada Strong Act framework on project approvals, supply chains and labour rules, along with its spending measures. Liberals pointed to investments in housing, arts and culture, electric vehicle chargers and Indigenous reconciliation, saying spending is needed during a global crisis, and defended the federal role in health care as provinces hold primary responsibility. Conservatives opposed the budget, arguing it runs large deficits that future generations will pay, spends more on debt interest than health transfers, does not lower prices or cut red tape for small businesses, and includes a costly rail project; they also asked about tax support for the oil and gas sector. The NDP opposed the budget, saying it favours corporations and the wealthy over working people, does too little on affordable housing and health care, and spends heavily on a pipeline instead of climate action; the Green member raised the absence of a cost-benefit analysis for the pipeline. Bloc Québécois members criticized the shortfall in health care funding relative to rising costs and the size of the clean electricity investment.Written by AI from the debate. Updated .

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36 statements

Patrick Bonin, Repentigny

Bloc Québécois
“This budget gives more public money to oil and gas companies, including a proposed $43-billion pipeline. I want to know if my colleague thinks this budget is good for the environment.”
Official Hansard

Mr. Speaker, I would like to hear my colleague’s thoughts on the fact that the budget once again includes oil and gas subsidies and also provides for the creation of a so-called sovereign wealth fund, which is anything but sovereign, to fund major projects such as the proposed oil sands pipeline on the west coast. That pipeline would carry one million barrels of oil a day and cost at least $43 billion, much of which will be public funding. Does my colleague think that this budget is good for the environment?

Jacques Gourde, Lévis—Lotbinière

Conservative
“This bill lets the government start major projects before environmental reviews are finished. It lets the government look at recommendations later, and then choose to ignore them. The government is just doing whatever it wants.”
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Official Hansard

Mr. Speaker, I am sure my colleague agrees with me. Under the new provision of Bill C-39, the government is giving itself the power to start major projects without waiting for the results of the environmental assessment. It will look at the recommendations after, and then it might do something about them, or it might not. Basically, the government is just doing whatever it wants.

Kelly McCauley, Edmonton West

Conservative
“The government is adding far more debt than the budget shows. It is spending an extra $154 billion this year alone, and nearly $750 billion over the next five years. Future generations will have to pay this back. I want my colleague to share his thoughts on this debt burden.”
Official Hansard

Mr. Speaker, I would like to thank my colleague for the great concern he shows for Quebeckers, as well as Canadians. I wonder if he could share some of his thoughts on this incredibly massive amount of added debt for Canadians. The budget shows over $60 billion, but the reality is the cash out the door for this year is going to be about $154 billion. About $90 billion of that money is actually hidden as capital. We will have an extra $154 billion just this year and almost three quarters of a trillion dollars added over the next five years. What does my colleague think it is going to do to his kids, his grandkids and future generations of Quebeckers and Canadians as they have to pay this back?

Jacques Gourde, Lévis—Lotbinière

Conservative
“I oppose this budget because it borrows too much. In five years, we will pay $85 billion a year just on debt interest. That cost could reach $100 billion to $125 billion later. Our children and grandchildren will have to pay for it instead of having that money spent on their future.”
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Official Hansard

Mr. Speaker, I want to thank my colleague for his very thoughtful question. I am worried too. I am worried about what life will be like for my children and especially for my grandchildren. The budget’s projections extend as far as 2060. In 2060, my grandchildren will be paying for today’s disastrous budget and its long-term consequences. Five years from now, we will already be paying $85 billion a year. What will it be 10 or 15 years from now? Will we be spending $100 billion or $125 billion on debt payments alone? Think of what this money could have done for our grandchildren’s future.

Guillaume Deschênes-Thériault, Madawaska—Restigouche

Liberal
“Our budget invests heavily in French-language communities. It spends 400 million dollars for a French summit, 4.1 billion dollars for official languages, and 4 billion dollars for culture. It also sets a 9.5 percent target for French-speaking immigrants. I want to know if my colleague supports these investments.”
Official Hansard

Mr. Speaker, I salute my colleague. We serve together on the Standing Committee on Official Languages. The budget includes $400 million for the Francophonie summit. We are continuing to implement our official languages action plan, which is backed by a $4.1-billion investment. This is the largest investment in official languages in history. Culture is receiving $4 billion, which will have benefits for Canada’s francophonie. Next year’s francophone immigration target is 9.5%, setting francophone communities back on the path to growth. Is my colleague as excited as I am about what yesterday’s budget does for Canada’s francophonie?

Jacques Gourde, Lévis—Lotbinière

Conservative

Linked statement

“I support anything that helps the French-speaking community. I want an economic study on the benefits of Canada's French-speaking community around the world.”
Official Hansard

Mr. Speaker, I am excited about anything that supports the francophonie, particularly if it means conducting an economic study to examine the benefits of the Canadian francophonie around the world.

Greg McLean, Calgary Centre

Conservative
“I oppose this budget. The government brought it in seven months late to cover up billions of dollars it already spent without our approval. We owe over $1.5 trillion, and the Liberals want to borrow hundreds of billions more. We cannot afford these massive interest payments, and the government must stop this reckless spending.”
Official Hansard

Mr. Speaker, the government talks about elbows up, Canada strong, building Canada strong, spending less to invest more, it being time to build, building a Canada people can afford, the strongest economy in the G7, a new Liberal government, the best possible deal for Canadians, building together, the true North strong and free, giving ourselves far more than the Americans can take away, and the idea that no deal is better than a bad deal. Now it talks about being masters of our destiny. The government by sound bite is killing us. We have got to get past this and actually get to some serious governance in the House of Commons and across the country as well. This is just complete inanity going forward. Budgets are documents about choices the government has to make going forward about how it balances society’s interests. The Liberals have turned from those actual budgets to tome-sized documents about all the great things they are going to do for Canadians. In that actual revolution of what the document was supposed to be and what it has become for the sound bite-obsessed Liberals on the other side of the House has been just nuts. There are 510 pages of what they want to do, and about how they are going to be all things to all people. It is just a bunch of words the Liberals put together to try to impress a whole bunch of people and get some special interests onside. I know that there are a whole bunch of things in the budget for a whole bunch of people all the way across the country, and businesses are going to jump at the chance, because we are becoming much less of a democratic society and much more of a government-knows-best, centrally planned economy society. I think there are a lot of people who, if they take a look at that long-term, are going to actually worry about where it started and how we got here. It is escalating, and we notice the way the government is actually moving further in this direction. The thing about budgets is that they are sacred documents about choices we have to make going forward, no matter where we are. It lays out the things we can do and the things we cannot do. However, the Liberal government has consistently shown that it has not had to pay the price for ramping up deficit after deficit. That is the way it has been since 2015, when it was supposed to run short deficits for a short period of time. At that point in time, Canadians were still of the mind that the government had to balance the budget. There is a reckoning at some point in time for spending tomorrow’s taxpayers’ dollars today. I am sure members will recall when the Liberals under former prime minister Jean Chrétien had to make a fundamental choice for Canadians. They had to cut health care funding and university funding across Canada. It used to be that 50¢ per dollar was paid by the federal government, before the mid-1990s when the Chrétien government had to make extreme cuts in order to get back to balance. The International Monetary Fund had said that the Canadian government could no longer pay its bills and could risk not being able to pay even the interest on its bills, which had escalated to about 40% of our collective taxes at that point in time. The Liberals had to make severe tax cuts very quickly, and that meant they stopped transferring funds to the provinces. It was the easy way to do it. That was the biggest federal expenditure. There is an overlap between what the provinces should pay for and what the federal government should pay for. The Chrétien Liberals made the unsavoury decision they had to make: They cut the spending they gave to provinces. As a result, our health care system faltered. The provinces had to spend more of their resources on health care over the next decade in order to try to deliver a health care system that Canadians used to be able to count on. That is about choices. We have to recognize where these choices have to go. It is not about being all things to all people. The cost of this is billions of dollars foisted upon a different generation. Literally, now it is hundreds of billions of dollars. Let me explain that, because it is not immediately clear in the budget what the Liberals have done. The Prime Minister is very financially astute. He has played around with balance sheets and income statements in his previous life. Now he is doing that with the Government of Canada, the Government of Canada’s balance sheet and the Government of Canada’s income statement. The Liberal government and the previous Liberal government came up with several debt metrics along the way, such as the debt-to-GDP ratio and the deficit-to-GDP ratio. It kept missing these targets all along the way. If the Liberals are going to keep missing their targets, their so-called anchors, the best thing to do is to change the definitions of what those anchors are. If we look at what we actually carry in debt in this country right now, we see that there is interest-bearing debt outstanding for Canada, over $1.5 trillion that we owe debt on around the world. That is just the Government of Canada. The provincial governments owe a lot more as well, but more than $1.5 trillion is owed, and we pay interest on that. Currently we are paying about $60 billion a year of interest on the more than $1.5 trillion of interest-paying debt. That is going to go up over the next five years by $765 billion. The government can talk about investing versus operational deficits. That is garbage. There is and always has been a way to account for this. The Liberals are obfuscating the fact that they are going to increase the country’s borrowings on international markets by 50% over the next five years and pay interest on that, with 85.5 billion taxpayer dollars going toward interest. That is obscene. To try to hide that in the budget document by changing the definitions is chicanery of the highest order. I call out the government on that because the Liberals have to be more transparent with Canadians about what they are actually causing for future generations of Canadians. The government is spending like there is no tomorrow. I am going to give an example. According to the spring economic update, the amount the government is going to have to borrow over the next five years was only $668 billion. Since then, that number has gone up by almost $100 billion, which we in this country are going to have to borrow and pay interest on. Do we think this is a problem, including going forward, when we are not going to be able to pay our interest on the amount that is outstanding, which Canadians owe on the world markets? I do not know what the endgame is here for the Liberals, but we are piling unsustainable debt onto Canadians’ backs. I hear my colleagues across the way talk about how there is a crisis in the world so we have to spend like there is no tomorrow. I have been a member of the House for seven years, and I cannot say how many times the Liberals have said that we need to blow our brains out because there is a crisis. There have been two legitimate crises in the last two decades: the financial crisis in 2008 and the pandemic we went through, but now the Liberals are addicted to throwing money out the door, and they continue to throw it out the door more and more. There are always good reasons to throw money at people. The people receiving it think it is a great thing. However, the people spending it are not going to be happy when they get the bill at the end of the day, when it becomes more transparent about what actually is being spent and how they are not going to be able to pay the bills down the road, the taxes that future generations of Canadians have to pay. That is the price the government is exacting from Canadians at this point in time. I am going to talk a little about democracy. Democracy matters in this country. My colleague referred earlier to how the government continues to roll this out the door. The budget that was just presented is the budget for 2026-27, a fiscal year that ends in five months. That is great. The Liberals have just given us a budget seven months late. They are seven months late to deliver a budget for the current fiscal year. This is not normal. The Liberals pretended this was normal coming out of an election, but this is not normal for the way the country is to run. Throughout the summer and throughout the intervening period, the government has spun money out and has made announcement after announcement, and now a bunch of that money-spinning appears in the budget. This is not democracy. This is not the way one sets a budget for Canadians and gets it passed in the House of Commons. All those announcements the Liberals made all through the summer, where they chucked money out the door, are now in a budget that says this is what they are going to spend this year. As I say, the spring economic update said we would have to borrow an additional $668 billion over five years. They now finally present the budget, and it is $775 billion to borrow over the next five years, a ludicrous amount of money. Again, though, there are no anchors, no guardrails whatsoever. It is a government with no guidelines whatsoever. It just wants to spend money. There has to be an end to this. I hope that end happens before Canadians realize that they are at the end of their rope, because many Canadians are at the end of their rope financially, and that we actually get some sanity back into the way we deliver the finances of this country.

Eric St-Pierre, Honoré-Mercier

Liberal
“The budget spends $400 million to help industrial facilities use energy more efficiently. The member for Calgary Centre has a bill with similar goals. I want to know if he supports our investment.”
Official Hansard

Mr. Speaker, in the budget, there is a $400-million investment to optimize energy efficiency for Canadian industrial manufacturing facilities. It is called SHIFT, the strategic high-efficiency industrial facilities transition program. The member for Calgary Centre introduced a private member’s bill, Bill C-269, which calls for a tax credit for heat recovery equipment to recover heat produced by industrial processes. I am curious if the member for Calgary Centre supports our government’s $400-million investment in SHIFT.

Greg McLean, Calgary Centre

Conservative
“The Liberals voted down our tax credit, which was clear, well planned, and backed by industry. Now they want to spend 400 million dollars without explaining what it will do. The government is trying to control the economy and hand out money to its friends instead of letting businesses follow fair rules.”
Official Hansard

Mr. Speaker, I was going to ask the member that question earlier today, because just two days ago the Liberals voted down the actual credit that we talked about here, and it was well costed, it was supported by industry and it was actually very clear about what it was doing. This shift is a bit of a mirage. The budget just tossed $400 million out there, but it does not explain exactly what they are going to do. The problem, as with all the things the government is doing at this point in time, is that the government is going to pick and choose who its friends are. That is who is going to get the projects of national interest. Someone is going to have to have friends in the Prime Minister’s Office. As I said in my speech, it has become a much more centrally controlled economy, as opposed to a private sector-driven economy that follows the rules.

Scott Reid, Lanark—Frontenac

Conservative
“I want my colleague to tell us what will happen if the government does not bring its spending under control.”
Official Hansard

Mr. Speaker, my colleague said that this will not end well if we do not get this under control. I wonder if he could just project a bit. If the spending does not come under control, if we have another budget like this one next year and if we continue to simply spend this way, how would this end? Could he project what would happen if the government does not bring its spending under control?

Greg McLean, Calgary Centre

Conservative
“Canada is the second most indebted country in the world when you combine business, personal, and government debt. Canadian taxpayers end up paying for all of this debt and its interest. This cannot continue. The government will eventually run out of money and may have to sell assets or ask the International Monetary Fund for help.”
Official Hansard

Mr. Speaker, there are many scenarios that people put on the table. Canada is, believe it or not, one of the most indebted countries in the world. There are three types of debt: corporate, individual and government. In that hierarchy, Canada is the second-most indebted country in the world, behind only Luxembourg. We should think about that, because eventually, at the end of the day, there is one taxpayer: the Canadian taxpayer. They have a mortgage and consumer debt. There is a whole bunch of corporate debt that gets passed down to consumers, and there is a whole bunch of government debt that lands on the backs of consumers as well, who are paying the interest on each of those. That is heavier in Canada than almost anywhere else in the world. It is something that is going to land on the backs of taxpayers. I do not know what the government is going to use as a backstop at some point in time, but this is unsustainable. Effectively, the government is going to have to look at assets and what it is going to have to deal with, with the International Monetary Fund, at some point in time in the future.

Yves Perron, Berthier—Maskinongé

Bloc Québécois
“The government is spending more money overall, but it is cutting health funding to the provinces and Quebec. Our people need care and our hospitals need repairs. Quebec only asked to keep its current funding, but the government cut it anyway. I want to know what my colleague thinks about this.”
Official Hansard

Mr. Speaker, I would like to hear my colleague’s thoughts on something. How is it possible that a government can find a way to spend more money, much more than before, while cutting funding to the provinces and Quebec, particularly with regard to health transfers? It makes no sense. Our residents need care and our hospitals need renovations. We did not ask for transfers to be increased. We simply asked that they be maintained. The government has even shown a certain degree of contempt, going so far as to cut them. I would like to hear my colleague’s thoughts on that.

Greg McLean, Calgary Centre

Conservative
“The government is collecting more personal income taxes, but spending less of that money on health care. I want to know where that money is going.”
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Official Hansard

Mr. Speaker, that is an important question. Looking at the budget, I noticed that government’s personal income tax revenues will increase by more than 4% per year over the next five years. However, its spending on health care is only going to increase by 3%. The government will be receiving more revenue from individuals, but it will be spending less on health care. Where is that money going?

Sherry Romanado, Parliamentary Secretary to the Minister of National Defence

Liberal
“The budget includes 28 million dollars to help military members and civilians injured at CFB Wainwright. I want to know if the member supports that funding.”
Official Hansard

Mr. Speaker, I did listen carefully to my colleague’s speech, and I have one question for him. In budget 2026, we also include $25 million for the military and civilians who were injured at CFB Wainwright, in addition to another $3 million. Would the member support that initiative?

Greg McLean, Calgary Centre

Conservative
“I support this money for people injured while serving our country. We must take good care of our military.”
Official Hansard

Mr. Speaker, yes, of course I will. We have to take good care of our military, especially at this point in time, just before Remembrance Day. I thank my colleague for her government’s putting forward the support for all the people who serve our country so well.

Elizabeth May, Saanich—Gulf Islands

Green
“I will vote against this budget. It breaks our promises on climate change and attacks the idea of setting emission targets. Instead of cutting emissions, the government is building pipelines that will make climate change worse. I want members of Parliament to stand up and demand real climate action.”
Official Hansard

Mr. Speaker, I appreciate the opportunity to speak in this place just before we go to our constituencies. As to the last exchange between the hon. parliamentary secretary and my friend from Calgary Centre, we are all mindful of the losses in our military, particularly from the disaster that just happened at CFB Wainwright. There are things that we share in this place, and I hope one of them is eternal gratitude for our veterans and those who serve in the armed forces. Once we leave this place today, we will be back in our own constituencies for one week, so this opportunity to speak to the budget I really appreciate. Last year, I struggled with the 2025 budget. I discussed it with members of the Prime Minister’s staff, with the Prime Minister and with the former minister of the environment, and in the end, I was the only opposition member to vote for it. I do not think this is a spoiler alert, but that will not be happening again. I will not be voting for this budget. I am appalled, on numerous levels, by the budget. There is much that has been said in this place that I do not need to repeat. The member for Vancouver East was speaking to her concerns. Yes, it is good to see the commitment to end homelessness, but where are the funds going to be found to ensure that first nations, Inuit and Métis people have adequate housing? I completely agree with my friend from Calgary Centre and my friend from Wellington—Halton Hills North that this budget is miraculously weird. The Government of Canada can insist that other entities live up to generally acceptable accounting practices, but apparently it does not have to live up to them itself. Given that I have a limited amount of time, I want to speak to the fundamental reason that I am grievously shocked by how bad this budget. There is one key topic, one thing, that I want to focus on in the time I have available: This is the first budget in more than a decade that not only fails to live up to the challenge of the climate crisis, but actually repudiates the very idea of targets. On page 7 of the budget, it attacks the idea of targets. For Canadians who are watching, it says, “For too long, climate action was about targets without a practical plan”. Then it refers to investments as “punitive regulations”. Then it says, “Our new approach is a bold, pragmatic plan with four pillars”. None of them take us anywhere near the targets. I want to make it very clear to anyone watching that the targets repudiated in this budget are legally binding. Canada signed on to them under the United Nations Framework Convention on Climate Change, to which we are a party, and through which we committed that when we tabled a target, we were committed to achieving it. That target, the current one to which Canada is legally committed, is for significant reductions by 2030. A previous government under Stephen Harper left in place its targets for 2030. In this place, at least the Liberals, New Democrats, the Bloc and the Greens had said that what Stephen Harper’s former minister of environment, Leona Aglukkaq, had tabled was woefully insufficient. We are not going to even meet those targets now, much less the improved targets that Justin Trudeau put in place. Why does this matter? It is all fine to hear the verbiage over and again that the world has changed and that everything has changed, but guess what has not changed. Canada is still located on planet earth. We are still subject to what happens in the planetary atmosphere, to physics and to the chemistry of the atmosphere, which we have already changed through our conduct. We know from the world’s best scientists and the world’s most extensive peer review process, called the Intergovernmental Panel on Climate Change, that if we do not reduce emissions very drastically, and before 2030, we are in for an accelerated heating of the planet that would cost, as it has already cost Canadians, billions of dollars in insurable losses and uninsurable losses, like the loss of life and loss of species. The heat dome in British Columbia in 2021 that killed 619 people in four days also killed three billion sea creatures in that same time, four days. We cannot ignore the climate crisis, yet that is what this budget does. The Liberals still mouth the words “net zero by 2050” as if they are meaningful. They are not consistent with the science. They are not part of the Paris Agreement. Net zero by 2050 was an invention for public relations purposes to kick down the road to 2050 any real action for our children and grandchildren. As a grandmother of a two-year-old, I am not just worried but terrified for what kind of future our kids are going to have. I voted for the budget last year because the Prime Minister stood and said the government was committed to achieving the Paris Agreement targets. I was a fool to believe the Liberals. I have repented for being a fool. I see clear-eyed now. They are building pipelines that are going to drive up emissions, and who is going to pay for them? It is the people of Canada. Is there a cost-benefit analysis? No. Will there be one? No. Why? It is because they want to drive up emissions. I do not understand why the government wants to drive up emissions and pour fuel on the fire of a climate crisis that takes Canadians’ lives, destroys our crops and hurts our businesses from coast to coast. Worse, it steals the future from our children and does so in broad daylight. This is not a budget I can vote for, and I beg the government and members who care about climate, who I know are there and care, to stand up and insist that we have climate action that does not mean building pipelines and expanding oil and gas production but reducing emissions and restoring forest cover as quickly as possible. Please do not tell us about giving $2.5 billion to De Havilland to help its bottom line. That does not buy a single water bomber for Canada. We must treat the climate crisis as the emergency that it is. We can no longer afford to hit the snooze button when the alarms—

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