Canada has so defunded its military
Not anymore.
Nah, they are essentially irrelevant unless they are operating as part of a coalition. Last I checked they are still waffling on what 5th generation fighter jet to procure while the rest of the world are starting to plan for the 6th generation.
I presume you mean the recent changes to finally get Canada up to 2% GDP for its military spending? (I'll put aside some of the accounting shenanigans going on there)
I disagree - literal generations of cutting to the bone and beyond cannot be turned around overnight. Defunding isn't just about the dollars, it's about the lost mindshare, training, culture, morale, equipment, stockpiles - everything.
It will take a generation of strong investment and actual commitment to get this force back to something it ought to be. And based on trends since the 80's, future governments will be quick to pull back on any recent allocations.