As global volatility reshapes economic priorities around the world, Canada is charting a course defined by resilience, productivity, and sovereignty. That vision crystallized on November 18, 2025 as the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, introduced Bill C-15, the Budget 2025 Implementation Act, No. 1—the opening legislative step in delivering Budget 2025: Canada Strong.

Positioned as a generational plan for a more self-reliant Canada, the legislation serves as the blueprint for turning Budget 2025 into tangible change. Its purpose is clear: build a unified national economy, expand opportunities for Canadians, modernize the country’s infrastructure, and strengthen protections for people and communities.

Despite an era of rapid disruption, the government’s message is one of determined optimism: by spending less while investing more strategically, Canada can build a durable, future-focused economy—one capable of withstanding global shocks and generating prosperity that endures.

“The tabling of the Budget Implementation Act is a critical step forward in executing our plan to build a Canada that is confident, secure, and resilient—for today, and for generations to come. The proposed measures are focused on meeting the complexity of this moment: they will build our economy, empower Canadians to get ahead, and protect our country and sovereignty,” explained the Honourable François-Philippe Champagne, Minister of Finance and National Revenue.

A Blueprint for a Stronger, More Affordable Canada

At the heart of Bill C-15 is an array of measures designed to accelerate construction, catalyze innovation, and expand economic capacity.

Turbocharging Housing and Clean Growth

Housing supply remains a top priority, and Bill C-15 makes a decisive push.
Build Canada Homes investments aim to double the pace of affordable homebuilding over the next decade—a critical lever for addressing the housing shortage in Canada’s fastest-growing communities.

Complementing this is a suite of enhanced clean-economy incentives. The Clean Electricity Investment Tax Credit is set to accelerate the build-out of a larger, greener grid, while expanded clean-technology credits will support manufacturing, carbon capture, and the transition to a net-zero economy.

Driving Productivity and Innovation

One of the centrepieces of the legislation is the Productivity Super-Deduction—a powerful new incentive that lets businesses immediately write off a larger share of capital investments, from equipment to advanced technologies. This measure aims to unlock the kind of large-scale investment needed to boost competitiveness and long-term productivity.

The bill also seeks to supercharge Canadian research and innovation, enhancing the well-known Scientific Research and Experimental Development program and raising the annual expenditure limit to bring more cutting-edge ideas from lab to marketplace.

High-Speed Rail: From Vision to Construction

Another marquee commitment takes a major stride forward: Alto High-Speed Rail, Canada’s first true high-speed line capable of 300 km/h travel between Toronto and Québec City. Bill C-15 advances the path to construction, bringing a transformative mobility project closer to reality for Canada’s most populated corridor.

A Fairer, More Accessible Tax System

Bill C-15 is also engineered to recalibrate Canada’s tax system in ways that enhance fairness and improve financial stability for households and workers.

Supporting Canadians with Disabilities

To help protect incomes and reduce barriers, the legislation exempts the Canada Disability Benefit from income and expands the Disability Supports Deduction—a step toward improving financial security for persons with disabilities.

Recognizing Essential Workers

A new Personal Support Workers Tax Credit, offering up to $1,100 annually, acknowledges the essential role PSWs play in supporting health care and long-term care systems.

Simplifying and Modernizing

Other tax measures include raising the Lifetime Capital Gains Exemption to $1.25 million, as previously announced, and eliminating the Underused Housing Tax to reduce administrative complexity and compliance burdens for Canadians.

Protecting Canadians and Modernizing Financial Systems

A strong economy also depends on strong protections—and Bill C-15 puts new guardrails in place for the financial sector.

Fighting Fraud and Expanding Consumer Control

Banks will be required to adopt enhanced measures to detect, prevent, and report consumer-targeted fraud, while giving Canadians more control over their accounts, including the ability to disable features or set limits on transactions.

Faster Access to Personal Funds

New rules will allow Canadians—especially seniors and low-income individuals—to access money deposited by cheque more quickly, reducing reliance on high-cost short-term credit products.

Enabling Competition and Innovation

The bill also seeks to help credit unions expand, giving Canadians more choice in financial services, and completes the consumer-driven banking framework, enabling secure data-sharing between financial institutions and third-party providers.

Adding to the modernization agenda, Bill C-15 creates a regulated environment for stablecoins, supporting responsible innovation in digital payments and financial technology.

Building a More Efficient Federal Government

Rounding out the legislation is a measure aimed at renewing public-service capacity through an Early Retirement Incentive Program under the Public Service Pension Plan. The goal: achieve workforce reductions through voluntary attrition while maintaining service continuity for Canadians.