Chad Kruger - Mortgage Broker

Canada’s federal budget outlined $22B in new cost-of-living measures, alongside plans to build more homes and help Canadians manage their mortgage costs.
The budget included support for 1M home upgrades intended to reduce energy use and lower monthly bills, connecting housing improvements with household affordability.
The government planned an additional groceries and essentials benefit payment in 2027 and proposed making the caregiver credit fully refundable for eligible caregivers.
To address homelessness, the federal government said it wanted to work with municipalities, provinces, and territories, with the goal of ending homelessness within 10 yr.
Canada’s budget outlined $400B in capital investments over 6 yr and included plans to invest in electricity infrastructure, nuclear energy, and critical minerals.

Canada Budget Adds $22B for Affordability

The budget proposed a one-time ~50% benefit top-up for fiscal 2026–27, raising the avg. benefit to $339 for qualifying single people in Canada.
Canada’s budget proposed $124M over 3 yr, starting in fiscal 2027–28, to help food banks and similar organizations buy food and improve infrastructure.
Canada’s housing plan proposed $1.8B over 4 yr for transitional housing with mental health, addiction and social supports, aiming to end homelessness within 10 yr.
Canada’s budget proposed annual account fee statements and consultations on directing credit card payments to highest-interest balance portions, helping customers compare options and manage debt.
Canada’s budget proposed a May 15 tax deadline starting in 2028 for 2027 returns, replacing separate deadlines for most filers and self-employed people.