Federal Budget 2025- A roadmap to sustainable economic growth

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November 10, 2025
11:29 am

On November 4th, 2025, the Honorable François-Philippe Champagne, Minister of Finance and National Revenue, tabled the 2025 Federal Budget which, he had claimed for weeks, would be a landmark budget presented once in a generation. Such bold statement had set high expectations among the business community. However, as our review of the key tax measures and related announcements will show, this year’s budget was more strategic and transitional (i.e., distinguishing capital investments from operational day-to-day expenditures, etc.), rather than setting a defining legacy for future generations.

Budget 2025 focuses on targeted government actions to boost investment, strengthen infrastructure, and enhance productivity and competitiveness, while curbing public spending. The government aims to generate a combined $60 billion in savings and new revenues over five years, despite persistent economic and geopolitical headwinds.

The measures and tax announcements included in Budget 2025, which are presented and discussed below, are designed to foster Canada’s sustainable long-term economic growth. In the following sections, we provide an overview of the key fiscal initiatives introduced by the federal government (including modifications, changes and cancellation of existing measures), highlighting their objectives and potential implications for both individuals and corporations.

Download our full report: Federal Budget 2025.

Contact our team of experts

For further information on the above, we invite you to please reach out to Danny Guérin of Andersen Inc.

Andersen Team

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The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.