Press Release
October 10, 2025
In a rapidly changing and uncertain world, Canada’s new government is focused on what we can control. We are protecting our communities and our country. We are building our economy with major projects and millions more homes. We are empowering Canadians with lower costs and new opportunities to help you get ahead. We cannot control what other nations do, but we can control what we choose to build – and we are building Canada Strong.
To deliver that change, we will take bold action and make responsible choices. Budget 2025 will spend less on government operations and reduce waste, so we can invest more to grow our economy and to protect the programs that make life more affordable for you. To that end, the Prime Minister, Mark Carney, announced key measures today from the upcoming federal Budget that will lower costs and protect essential programs that empower Canadians:
These measures build on measures already taken – including cancelling the divisive consumer carbon tax, cutting taxes for 22 million middle-class Canadians, and eliminating GST for first-time homebuyers. Canada’s new government will remain relentlessly focused on empowering Canadians with lower costs and new opportunities to help you get ahead.
Quotes
“Our Budget will build a stronger Canada. It is a plan to protect our communities and our country and invest in the major projects that will build our economy. It will empower Canadians by helping you get ahead, bringing down your costs, and making your life more affordable. We cannot control what other nations do. We control what we choose to build. We are building Canada Strong.”
The Right Hon. Mark Carney, Prime Minister of Canada
“Canadians asked for change – real change that makes life more affordable. The measures announced today will help families across the country and build on the middle-class tax cut and the removal of the GST for first-time home buyers. Budget 2025 will set out our plan to spend less so we can invest more in Canada’s long-term growth and a stronger future.”
The Hon. François-Philippe Champagne, Minister of Finance and National Revenue
“A key priority of our new government is to lower costs for Canadians across the country. Today, we’re announcing measures to help people keep more of their hard-earned money – including easier access to federal benefits, making the National School Food Program permanent for children, and renewing the Canada Strong Pass for the upcoming holidays and summer 2026. By making life more affordable for families and helping Canadians explore and enjoy their own country, we’re building a stronger, more united, and prouder Canada together.”
The Hon. Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages
“Lowering costs is about giving people more room to breathe and more power to shape their future. Whether it’s saving on everyday costs or making public services easier to access, these changes help families, strengthen communities, and build a fairer and more prosperous Canada.”
The Hon. Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario
“Canada’s new government is delivering on its promise to make the National School Food Program permanent. This direct investment in families ensures more kids get nutritious meals at school, while bringing down costs for parents. Because when children have the best start in life, all Canadians benefit.”
The Hon. Anna Gainey, Secretary of State (Children and Youth)
“Canada’s new government is delivering on its commitment to cut red tape and make life more affordable for Canadians. By implementing automatic federal benefits, we’re making it faster and easier for Canadians to get the federal benefits they are entitled to.”
The Hon. Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions)
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