Sector News & Trends PFC Documents Policy & Regulation Budget 2023 Analysis Published: March 31, 2023 Documents PFC Documents Policy & Regulation Budget 2023 Analysis The federal budget sets out the Government of Canada’s spending priorities for the years ahead. On March 28, 2023, Finance Minister and Deputy Prime Minister Chrystia Freeland delivered her third — and the Trudeau government’s seventh — federal budget. The backdrop to the budget was a year in which the global pandemic faded as a political issue, with the state of the economy and rising inflation taking a prominent role on centre stage. After last year’s eventful federal budget for our sector, which changed the disbursement quota rate and introduced new rules related to granting to non-qualified donees, and then the historic funding inclusions in 2021’s pandemic budget, many had expected a quieter budget this year for charities and nonprofits, especially in terms of new legislative proposals. That forecast was accurate.