Taxes may rise as Canada pledges to increase defence spending; feds resist calls to detail spending

Canada July 04, 2026 10:07 AM

Canada's prime minister is set to meet his fellow NATO leaders in Turkey next week. Mark Carney recently announced Canada's goal of spending four per cent of GDP on defence by the end of the decade. To achieve that, many billions of dollars will need to be spent and some economists warn tax increases may be inevitable. As Mackenzie Gray reports, the government is resisting calls to provide details on how the money will be spent.

Taxes may rise as Canada pledges to increase defence spending; feds resist calls to detail spending

Related Stories

‘You’re a loser’: Doug Ford to Trump

Is commuter rail an option for Halifax?

As Canada prepares to retaliate in the trade war, what pain can it inflict the US?

B.C. man accused of heading drug

‘Bring it on buddy’: Everything Ontario’s Doug Ford said about President Donald Trump

Ford renews ’kiss my ass’ comment to Trump in response to Canada-U.S. trade war

Carney faces crucial test after walking away from Trump's deal

Trump threatens to hike tariffs on Canadian autos, steel to 50% in January