Prime Minister Mark Carney's second budget — set to be unveiled on Thursday — will include new affordability measures, business tax incentives and investments in infrastructure, defence and culture, a...

Canadian businesses are calling for significant tax reform and reduced bureaucratic red tape in the upcoming federal budget. According to a report by The Canadian Press published on November 2, 2026, business leaders across the country are advocating for changes that would simplify tax structures and reduce administrative burdens. The federal budget, which is expected to be presented in the coming months, has become a focal point for business concerns as companies seek to improve their operational efficiency and competitiveness. The call for reform comes amid growing economic pressures, with businesses facing challenges related to compliance costs and complex regulatory frameworks. Business leaders argue that simplifying the tax system would not only reduce costs for companies but also encourage investment and growth. The Canadian Chamber of Commerce and other business associations have been vocal about these issues, emphasizing that excessive red tape hinders small and medium-sized enterprises from expanding and competing effectively in both domestic and international markets. The government has acknowledged the concerns raised by businesses, with the Finance Minister stating that the upcoming budget will consider input from the business community. However, specific details on how these reforms will be implemented remain unclear. The business community is urging the government to take concrete steps to address these issues, particularly as the economy faces challenges from global trade tensions and domestic economic uncertainties. The federal budget is seen as a critical opportunity to align fiscal policies with the needs of the business sector, ensuring that Canada remains competitive in the global marketplace. Business leaders are hopeful that the budget will include measures to streamline tax filing processes, reduce compliance costs, and create a more predictable regulatory environment. These changes are expected to have a positive impact on business operations, potentially leading to increased productivity and job creation. The government's response to these calls will be closely watched by business leaders and economists alike, as it could shape the economic landscape for years to come.

A Nearly $2 Trillion Deficit. So Much for Cutting Government Spending.

Net interest payments rose 8% to $1.05 trillion in fiscal year 2026, while revenue increased 3% to $5.4 trillion and spending grew 6% to $7.4 trillion.

Real-time US national debt and fiscal statistics — refreshed on business days.

GAO says the federal government loses up to $304 billion a year to tax fraud. The IRS knows exactly where the risk sits. It just never wrote down what to do about it.

Real-time US national debt and fiscal statistics — refreshed on business days.

In order to understand what is in the latest appropriation bill passed on 1/30/2026, you need to know what the previous bill was. Public Law 119-37, enacted on November 12, 2025, provides vital…

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A federal legislative briefing warned that Congress had not passed a final FY budget by Oct. 1 and described a House bill — the Ratepayer Protection Act — that seeks to shift some electricity transmission and generation costs from ratepayers to large load customers such as data centers.

Health ministers from across Canada are preparing to meet to address concerns about the potential expiration of federal health funding agreements. Ontario's Health Minister Sylvia Jones announced plans for an emergency meeting with provincial counterparts to warn of a 'fiscal cliff' if funding for home care, mental health, and community services is not renewed. The federal government had pledged $200 billion in health funding over 10 years in the 2023 budget, with specific allocations for home care ($4.8 billion), mental health services ($3 billion), and personal support workers ($1.7 billion). These funding streams are set to expire between 2026 and 2028, raising concerns about the impact on healthcare services. The federal Canada Health Transfer, which increases annually in line with GDP growth, is scheduled to return to a minimum growth rate of three per cent per year after 2027-28, down from the current five per cent guarantee. Premiers have called for continued five per cent annual growth in health transfers and a long-term commitment to flexible and sustainable funding. Health Minister Marjorie Michel has indicated she is prepared to discuss building a strong public healthcare system at a meeting next month. The federal government is set to release its budget later this fall, with health funding being a key focus. Jones also addressed questions about Ontario's refusal to join the federal pharmacare program, noting that negotiations have been paused. The pharmacare program, established through a supply-and-confidence agreement, initially provided free contraceptives and diabetes medications, but only four provinces have signed on to the agreements. The federal government has committed to honoring existing agreements but has not expanded the program to a full national drug insurance system. This meeting comes as provinces and territories express concerns about the sustainability of healthcare services without renewed funding commitments.

Trump plans to cancel $810M Congress approved. The dollar figure is small, but the fight over the power of the purse is not.

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Trump cancels $1B in federal spending, igniting a high-stakes constitutional showdown with Congress over the power of the purse. Read the full...

The Trump administration has notified Congress of its intention to rescind approximately $810 million in previously authorized funding for education and health programs. The proposal, delivered in a 12-page letter late on a Friday evening, represents the latest use of a legally contested presidential authority to cancel appropriated funds without legislative consent. This move follows a similar $4.9 billion rescission of foreign aid funds initiated by the administration last year. The timing of the notification is significant, as it arrives just days before the end of the fiscal year on September 30. This leaves Congress with insufficient time to formally reject the rescission before the funding automatically lapses, even though lawmakers have 45 days to deliberate on such requests. The proposed cuts include $25 million from a $52 million program supporting migrant students and $27 million from health research initiatives within the Department of Health and Human Services. The action has drawn sharp criticism from both Republican and Democratic lawmakers. Senator Susan Collins of Maine, chair of the Appropriations Committee, called it an illegal usurpation of Congress's constitutional power over appropriations. Senator Patty Murray of Washington, the top Democrat on the committee, described the move as 'theft from the American people.' Critics argue that the president cannot unilaterally decide which congressionally approved programs deserve funding, as this power resides exclusively with the legislative branch under the Constitution.

Citing the president's House budget proposal, the presenter said the district anticipates potential federal cuts to Title I–IV and the E‑Rate program for 2027–28, which the district said could affect services and technology infrastructure.