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    1. fabiusjmaximus on

      So does this mean they’re not releasing a budget for 2025 after all?

      This has come out of nowhere. A lot of people I’m talking to are floored about this. Not expected at all. Think I need to mull this over before I form any strong opinions. Hard to tell right now whether this is sober long-term thinking or purely a political maneuver.

      Given that polling has the Liberals and Conservatives back at parity, it’s hard to imagine Carney wanting to go right into another election but this feels like a good way to risk one.

    2. OttoVonDisraeli on

      Giving the buget in the fall and then allowing an easy rollout come Q1 is probably smart. There will be a period of transition, but by Fall 2026, so long as this change isn’t changed again, it should flow smooth.

    3. Professional-Cry8310 on

      Will budget 2026 happen in Spring still, then budget 2027 in the fall? I haven’t been able to find any details about how this will actually be implemented.

    4. “new schedule will increase transparency”

      Colour me skeptical.

      Won’t this have also major impacts on tax planning and tax change implementations if budget contains proposals that are implemented for calendar year end tax season? Was nice to have the buffer from spring budget to end of the year previously to account for tax changes.

    5. Does this mean the budget on Nov 4 is for the 2025-2026 fiscal year to replace the budget that Carney skipped from the spring or will it be for the 2026-2027 fiscal year?

      If I understand correctly, they’ve either skipped a year’s budget or will have to deliver two budgets at once, one for the current year and one for the next year to line up with this plan going forward. Is this right?

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