Collection

2025 Budget Consultations

In anticipation of a consequential Fall federal budget, the Business Council of Canada (BCC) conducted an extensive consultation on the future of the country’s fiscal policy.

Economic Strategy Jobs and Growth Public Finances Taxation

The documents on this page provide a comprehensive snapshot of how Canada’s most engaged economic stakeholders view the state of federal public finances.

Our 2025 budget consultation process resulted in the recommendations outlined in the following letter sent to Prime Minister Mark Carney, urging the government to use the upcoming budget as a turning point for Canada’s economy.

Co-chaired by Theo Argitis, BCC senior vice president of policy, and Serge Dupont, senior advisor and head of Public Policy at Bennett Jones provide an overview of the consultation in the Chairs’ notes.

Our “what we heard” report provides a detailed account of the advice received in the consultation.

Letter to the Prime Minister about the 2025 budget

Letters October 1, 2025

Chairs’ notes

Analysis October 1, 2025

What we heard

Analysis October 1, 2025

““Without a credible fiscal policy, interest rates will rise across the economy and crowd out private activity, which in turn will backfire by narrowing fiscal room just when it’s most needed."

Overview

In anticipation of a consequential Fall federal budget, the Business Council of Canada (BCC) conducted an extensive consultation on the future of the country’s fiscal policy.

The consultation was co-chaired by Theo Argitis and Serge Dupont.

Their findings reflect consensus across experts and business leaders: fiscal credibility is essential for a healthy investment climate.