Budget 2026: Major projects and infrastructure
Budget 2026 points to Bill C-39, introduced in September 2026, to set a one project, one decision, one year approach to federal approvals, with a target of reviews and decisions within one year. Funding is proposed for a major projects management entity and for specific projects, so support is tied to selected projects rather than being a general default. It also proposes extending clean energy tax credits to 2040 and about $4 billion for electricity infrastructure.
Faster federal approvals
Proposed one-year federal approval process and transportation coordination under Bill C-39.
Sources
To advance these efforts, we introduced Bill C-39, the Building Canada Strong Act, in September 2026. It establishes a “one project, one decision, one year” approach to federal approvals.
Budget 2026 - Masters of our Destiny · PDF p. 169Full cited page
To advance these efforts, we introduced Bill C-39, the Building Canada Strong Act, in September 2026. It establishes a “one project, one decision, one year” approach to federal approvals.
Target federal reviews and decisions within one year once a comprehensive application is submitted.
Budget 2026 - Masters of our Destiny · PDF p. 172Full cited page
Target federal reviews and decisions within one year once a comprehensive application is submitted.
Formally designate strategic trade corridors.
Budget 2026 - Masters of our Destiny · PDF p. 172Full cited page
Formally designate strategic trade corridors.
Create a Transportation Projects Office to coordinate federal approvals for priority transportation projects.
Budget 2026 - Masters of our Destiny · PDF p. 172Full cited page
Create a Transportation Projects Office to coordinate federal approvals for priority transportation projects.
Modernise port governance and transportation rules.
Budget 2026 - Masters of our Destiny · PDF p. 172Full cited page
Modernise port governance and transportation rules.
Project-specific support
Funding for the Major Projects Office, a management entity and the Mackenzie Valley Highway, tied to selected projects.
Sources
Budget 2026 proposes to provide $187.4 million over five years, beginning in 2026-27, and $24.2 million in future years to launch and operate a major projects management entity and begin support for the Mackenzie Valley Highway and the Taltson Hydro Expansion project.
Budget 2026 - Masters of our Destiny · PDF p. 170Full cited page
Budget 2026 proposes to provide $187.4 million over five years, beginning in 2026-27, and $24.2 million in future years to launch and operate a major projects management entity and begin support for the Mackenzie Valley Highway and the Taltson Hydro Expansion project.
Funding proposed for PCO for the Major Projects Office to support work on projects listed and considered for listing under the Building Canada Act, including consultation with Indigenous Peoples and regulatory work.
Budget 2026 - Masters of our Destiny · PDF p. 196Full cited page
Funding proposed for PCO for the Major Projects Office to support work on projects listed and considered for listing under the Building Canada Act, including consultation with Indigenous Peoples and regulatory work.
Since September 2025, 28 nation-building initiatives have been referred to the Major Projects Office
Budget 2026 - Masters of our Destiny · PDF p. 169Full cited page
Since September 2025, 28 nation-building initiatives have been referred to the Major Projects Office
Among those three projects is the Mackenzie Valley Highway, which will create a new all-season economic corridor in the Northwest Territories connecting Wrigley to Inuvik.
Budget 2026 - Masters of our Destiny · PDF p. 174Full cited page
Among those three projects is the Mackenzie Valley Highway, which will create a new all-season economic corridor in the Northwest Territories connecting Wrigley to Inuvik.
Budget 2026 proposes to fully fund the construction and certain maintenance costs of the Mackenzie Valley Highway.
Budget 2026 - Masters of our Destiny · PDF p. 174Full cited page
Budget 2026 proposes to fully fund the construction and certain maintenance costs of the Mackenzie Valley Highway.
Since July 2026, the Major Projects Office has been assessing three additional potential projects of national interest
Budget 2026 - Masters of our Destiny · PDF p. 174Full cited page
Since July 2026, the Major Projects Office has been assessing three additional potential projects of national interest
Electricity and community infrastructure
Tax credit extension, electricity funding and the Build Communities Strong Fund.
Sources
To provide the certainty needed for longer-term projects, Budget 2026 proposes to extend the Clean Technology and Clean Electricity investment tax credits to the end of 2040.
Budget 2026 - Masters of our Destiny · PDF p. 135Full cited page
To provide the certainty needed for longer-term projects, Budget 2026 proposes to extend the Clean Technology and Clean Electricity investment tax credits to the end of 2040.
To encourage more investment in electricity transmission, Budget 2026 proposes to expand eligibility for the Clean Electricity investment tax credit to the highest-voltage intra-provincial electricity transmission lines in each province, for property acquired and available for use on or after Budget Day. Combined, these measures are expected to cost $2.4 billion from 2027-28 to 2030-31 and $36.1 billion from 2031-32 to 2041-42.
Budget 2026 - Masters of our Destiny · PDF p. 135Full cited page
To encourage more investment in electricity transmission, Budget 2026 proposes to expand eligibility for the Clean Electricity investment tax credit to the highest-voltage intra-provincial electricity transmission lines in each province, for property acquired and available for use on or after Budget Day. Combined, these measures are expected to cost $2.4 billion from 2027-28 to 2030-31 and $36.1 billion from 2031-32 to 2041-42.
To deliver more reliable power as electricity demand grows, Budget 2026 proposes to provide nearly $4 billion over 10 years, starting in 2027-28. This funding will support electricity infrastructure expansion, renewable energy, and priority electricity sector projects across Canada, including new funding for the Smart Renewables and Electrification Pathways Program.
Budget 2026 - Masters of our Destiny · PDF p. 135Full cited page
To deliver more reliable power as electricity demand grows, Budget 2026 proposes to provide nearly $4 billion over 10 years, starting in 2027-28. This funding will support electricity infrastructure expansion, renewable energy, and priority electricity sector projects across Canada, including new funding for the Smart Renewables and Electrification Pathways Program.
Supported by investment of $51 billion over 10 years, starting in 2026-27, and $3 billion per year ongoing, the Build Communities Strong Fund makes generational investments that speed up the construction of the hospitals, recreation
Budget 2026 - Masters of our Destiny · PDF p. 218Full cited page
Supported by investment of $51 billion over 10 years, starting in 2026-27, and $3 billion per year ongoing, the Build Communities Strong Fund makes generational investments that speed up the construction of the hospitals, recreation
Analysis of cited budget provisions. Proposals and forecasts are distinguished from implemented measures.
