New Brunswick Budget 2026

Recent developments with respect to steel derivative products, electric vehicles and the automotive remission framework

There have been several trade developments announced in the last few weeks. Of note, the Steel Derivative Goods Surtax Remission Order, issued in accordance with section 115 of the Customs Tariff, provides relief from the 25% global surtax imposed on imports of certain steel derivative products in accordance with the Steel Derivative Goods Surtax Order.

CBSA adjusts certain fees for inflation and GST/HST

On 24 February 2026, the Canada Border Services Agency (CBSA) published Customs Notice 26-04, Changes to Certain Fees to Reflect Inflation and Taxes, announcing that certain fees it administers will be adjusted for inflation under the Service Fees Act.

CCA and other business income tax measures substantively enacted as part of Bill C-15

On 26 February 2026, amended Bill C-15, Budget 2025 Implementation Act, No. 1, received third reading in the House of Commons and became substantively enacted for Canadian financial reporting purposes.

Alberta Budget 2026

Alberta Finance Minister Nate Horner tabled the province’s fiscal 2026 budget on 26 February 2026.

Nova Scotia Budget 2026

Nova Scotia Finance and Treasury Board Minister John Lohr tabled the province’s fiscal 2026 budget on 23 February 2026.

British Columbia budget proposes to expand PST to certain professional services

The Government of British Columbia announced changes in its 2026 budget that would expand the provincial sales tax (PST) base to include certain professional services, effective 1 October 2026, subject to Bill 2, Budget Measures Implementation Act, 2026 receiving Royal Assent.