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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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Carney Unveils Build Canada Homes, Targets Six Cities for First Wave of Affordable Housing

Prime Minister Mark Carney is set to launch Build Canada Homes (BCH), a new federal agency designed to accelerate the construction of affordable housing across the country. The initiative will begin with developments on public lands in six cities: Dartmouth, N.S., Longueuil, Que., Ottawa, Toronto, Winnipeg, and Edmonton.

BCH will act as both developer and financier, consolidating existing federal housing programs and providing substantial funding to spur rapid construction. The agency plans to offer $25 billion in debt financing and $1 billion in equity financing, with a strong focus on prefabricated and modular building methods to cut costs and timelines.

The move comes amid warnings from the Canada Mortgage and Housing Corporation that current housing starts fall far short of what’s needed to restore affordability. Carney has framed the initiative as a bold return to large-scale federal involvement in homebuilding, aiming to deliver nearly 500,000 new homes annually over the next decade.


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