Canada's defense budget forecast for 2026.
2024/25: $31 billion (core defense).
2025/26: $80.9 billion.
2026/27: $88.6 billion.
2027/28: $99.7 billion.
2030/31: $111.2 billion.
By 2030, core defense funding alone will more than double to $70.1 billion annually.
Canada plans to reach 4.1% of GDP by 2027/28 and a NATO target of 5% by 2035, including 3.5% for core defense and 1.5% for broader security.
All figures are in US dollars.