Uploaded March 2026 | Updated September 2026, 3 hours ago
According to Treasury Board documents, the total amount of compensation available to participants of the Assault-Style Firearms Compensation Program has been heavily reduced, from $250M promised in January of this year to just $64.8M for the 2026 fiscal year - which, coincidentally, begins the day after the ASFCP's declaration window closes and the process of confiscation, verification, destruction, disposal and processing payments begins in earnest.
In other words, the amount of compensation available to firearms owners has been quietly reduced by 74% before the process of issuing payments to individuals has even properly begun, and may have ramifications for those firearms owners who declared their firearms early in the hopes of having their claim processed before the previously claimed $250M fund was exhausted, as well as firearms owners who may have been considering declaring their firearms to the ASFCP before the declaration period ends on March 31.
According to Treasury Board documents, the total amount of compensation available to participants of the Assault-Style Firearms Compensation Program has been heavily reduced, from $250M promised in January of this year to just $64.8M for the 2026 fiscal year - which, coincidentally, begins the day after the ASFCP's declaration window closes and the process of confiscation, verification, destruction, disposal and processing payments begins in earnest.
In other words, the amount of compensation available to firearms owners has been quietly reduced by 74% before the process of issuing payments to individuals has even properly begun, and may have ramifications for those firearms owners who declared their firearms early in the hopes of having their claim processed before the previously claimed $250M fund was exhausted, as well as firearms owners who may have been considering declaring their firearms to the ASFCP before the declaration period ends on March 31.
