Carney unveils upcoming budget's broad outlines
Members of the media may directly contact the following experts:
Vern Krishna (English only)
Full Professor, Common Law, Faculty of Law
Professor Krishna has an extensive expertise in taxation and business law and can provide insightful analysis on the implications of the federal budget for Canadian taxpayers and businesses.
“It is unusual to have a pre-budget review without revealing the budget in the House of Commons first.”
Errol P. Mendes (English only)
Full Professor, Common Law, Faculty of Law
Professor Mendes can analyze Canada's 2025 Federal budget, focusing on its impacts on politics and governance.
"The Conservatives are creating a no-win situation by demanding an austerity budget while PM Carney promises billions for defense and national projects. This could trigger an unwanted election, benefiting the separatist Bloc Quebec, who aim to challenge the federal brief on the notwithstanding clause and support an upcoming independence referendum. Canada’s fragile unity may be at risk with this budget, which could lead to a no-confidence vote and potential election."
David Gray (English and French)
Full Professor, Department of Economics, Faculty of Social Sciences
Professor Gray's research relates to Economy, Employment and Markets; Labour Economics; Labour market policies, and Earnings mobility.
Paul Makdissi (English and French)
Full Professor, Department of Economics, Faculty of Social Sciences
Professor Makdissi’s research focuses on the distributive impact of taxation and public pricing, socioeconomic health inequality measurement, and income-inequality analysis. His work has been published in leading international journals, and he has consulted for several international organizations and Canadian government agencies. He served as President of the Société canadienne de science économique in 2021–2022.
« Prime Minister Carney’s early decision to cancel the planned increase in the capital-gains inclusion rate, combined with his commitment to raise defence spending from 2% of GDP in the short term to 5% by 2035, reveals an increasingly regressive orientation in federal policy. The November 4 budget will show which social programs are expected to bear the cost of this strategic shift from redistribution toward rearmament. »
Bao Anh Nguyen (English only)
Part-time professor, Economics, Faculty of Social Sciences
Professor Nguyen specializes in international and monetary economics, focusing on commodity prices and tax policy.
“With a net debt-to-GDP ratio of 13.1%, Canada maintains one of the strongest fiscal positions among G7 countries, deficit was about 2% of GDP, well below the G7 average. A reduction in taxes for lower-income earners would further promote equity within the tax system and contribute to lowering income inequality and social disparities - an appropriate and well-supported policy direction.”