Federal budget basics

Here are the highlights of the Carney government’s plan, and how they might affect your personal finances.

Tuesday’s budget began laying the groundwork for what Canada’s new defence industrial base could look like, and it’s heavy on emerging technologies.

The federal government has earmarked $6.6-billion, beginning this fiscal year and spread out over the next five years, to grow Canada’s defence industry. Approximately two-thirds of that funding is already allocated, with the remaining $2-billion set aside but yet to be assigned.

The initial $4.6-billion earmarked in the budget will be invested under Canada’s forthcoming defence industrial strategy, which Ottawa has promised to deliver before Christmas.

Until then, Budget 2025 offers a glimpse of what’s to

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