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ARTICLE · 12 NOVEMBER 2025

Maximum Load? Major Infrastructure Aspects Of Budget 2025

McMillan LLP
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On November 4, 2025, Finance Minister François-Philippe Champagne tabled the 2025 federal budget (Budget 2025). Budget 2025 contains significant infrastructure announcements across five major categories: trade and transport infrastructure, community and core public infrastructure, housing delivery and financing, defence and security infrastructure, and critical minerals and clean economy enablers.

CanadaFinance and Banking
Catherine Doyle
Catherine Doyle
Julie Han
Julie Han
Kyle Lambert
Kyle Lambert
Sharon G.K. Singh
Sharon G.K. Singh
Adam Slinn
Adam Slinn
Melissa Stoesser Young
Melissa Stoesser Young
Karel Peters
Karel Peters
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On November 4, 2025, Finance Minister François-Philippe Champagne tabled the 2025 federal budget (Budget 2025). Budget 2025 contains significant infrastructure announcements across five major categories: trade and transport infrastructure, community and core public infrastructure, housing delivery and financing, defence and security infrastructure, and critical minerals and clean economy enablers. The planned spending and incentives are intended to enable over $1 trillion in total investments, including approximately $315 billion in infrastructure. For builders, financiers and other participants in the Canadian infrastructure industry, Budget 2025 represents the potential to substantially expand the project pipeline with new delivery mechanisms and financing tools.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

© McMillan LLP 2025

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