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Inside Budget 2025: Ambitious on Paper, Uncertain in Practice
Plus: Gary Vee on Your 30s
What’s In This Email
Inside Budget 2025: Ambitious on Paper, Uncertain in Practice
Gary Vee on Your 30s
Notable Spotlight: Hockey Hall of Fame Induction Weekend
Notable Plug 🔌
✍️ TAKE NOTE
Canada’s 2025 Budget Promises Big on Tech—but Can It Deliver?
Canada’s 2025 federal budget lands with big numbers and even bigger ambitions—but not without questions. With billions earmarked for defence innovation, open banking reform, and AI infrastructure, Ottawa is making a clear play to modernize the economy. Still, many in the tech and startup community are watching closely to see if this will translate into real, lasting change—or just more announcements without follow-through.
Key Takeaways:
$17.9 billion over five years is being directed toward defence technology, cybersecurity, and northern innovation—potentially opening new opportunities for dual-use tech companies, though the focus skews heavily toward government and military partnerships.
Open banking is finally moving forward, with the Bank of Canada taking oversight and new legislation granting consumers control over financial data by 2027. Fintech founders will welcome progress but may question the slow rollout.
The government is allocating $925.6 million for AI compute infrastructure and $334 million for quantum technology, but some experts note that Canada’s funding still trails major global players.
Tax reforms like the “Productivity Super-Deduction” and SR&ED modernization promise faster R&D support, yet businesses have heard similar pledges before. Implementation will be key.
Venture funding gets a boost—$1 billion for later-stage capital and $750 million for early-stage gaps—but critics argue this may not address structural challenges in scaling Canadian companies.
Why It Matters:
For Canada’s tech founders, this budget sends a clear signal that innovation remains on the national agenda. But ambition alone won’t close the competitiveness gap. The next test will be execution—how quickly and effectively these programs reach the entrepreneurs and researchers driving Canada’s growth story.
🌐 AROUND THE INTERWEBS
Gary Vee, media personality, creator and coach breaks down how being in your 30s is actually really young. Do you agree?
🔦 NOTABLE SPOTLIGHT 🔦
Hockey Hall of Fame Induction Weekend
The Hockey Hall of Fame is set to welcome hockey’s newest legends, Class of 2025 Inductees!
🔌 NOTABLE PLUG
🎙️ Get Into It: The Worst Idea of All Time. Two comedians watch the same terrible movie every week for a year—and riff on it. Completely absurd, deeply hilarious, and strangely addictive. Listen on Apple Podcasts and Spotify.
📄 Notable Hires: Marketing Manager @ SHEIN (Full-time, Canada)
🌍 Notable Destinations: Toronto to Fort Lauderdale ($142 327 ) Dates: Apr 18-26,2026. Click here to see the link for this flight.
🧠 Today We Learned: The first alarm clock could only ring at one time — 4 a.m.
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