The Canadian federal budget for fiscal year 1990–91 was presented to the House of Commons of Canada by finance minister Michael Wilson on 20 February 1990.

Although not part of the 1990 budget, three major tax changes are implemented as of January 1, 1991:[1] The 1990 budget sets out a control plan for expenditures and was predicted to yield $2.8 billion in savings in fiscal year 1990-1991 and $3.3 billion in fiscal year 1991-1992.

Some programs were constrained to a 5%-annual growth until 1992: Some programs are frozen altogether: Herb Gray, interim leader of the Official Opposition, rejected many features of the budget, notably the cuts to transfers to provinces and capping of research and science budget.

[2] Audrey McLaughlin, leader of the New Democratic Party held that the budget would not help students or homeless people and decried the lack of environmental measures, despite prior ambitious declarations made by the Prime Minister Brian Mulroney and the Minister of Environment Lucien Bouchard.

The minister warns that the federal budget will likely lead tax increases for Quebec taxpayers to offset the downfall in revenues.