Bill C-23: Appropriation Act No. 4, 2025-26

This bill primarily affects the internal operations of the federal government rather than directly regulating private businesses. However, businesses that are federal government contractors, suppliers, or grant recipients across Canada may see indirect effects as funding flows to departments like National Defence ($1.2 billion), Canada Post ($1 billion), Indigenous Services ($509 million), Veterans Affairs ($300 million), and Immigration ($172 million). Businesses in defence contracting, IT services, construction, Indigenous community services, and transportation (e.g., VIA Rail contractors) may benefit from increased procurement and program spending. The $1 billion allocated for Defence and Security Initiatives under Treasury Board could particularly affect defence and security industry suppliers of varying sizes across the country.