Canada News Centre Money
Money and finances
Government of Canada plans to issue US-dollar global bond
In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
Government strengthens Canada’s anti-money laundering framework with new regulatory amendments
Today, the Government of Canada announced the upcoming implementation of new regulatory amendments to strengthen Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) framework and ensure that it is even more robust and effective in addressing threats of financial crime.
Statement by FCAC Commissioner Benzvy Miller recognizing International Women’s Day 2025
Statement by FCAC Commissioner Benzvy Miller recognizing International Women’s Day 2025
List of products from the United States subject to 25 per cent tariffs effective March 4, 2025
Effective March 4, 2025, the Government of Canada is imposing 25 per cent tariffs on $30 billion in goods imported from the United States (U.S.).
Government extending support for mineral exploration in Canada
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced on behalf of the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, that the federal government proposes to extend the 15 per cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional two years, until March 31, 2027.
Increasing the federal minimum wage starting April 1, 2025
Strong economies invest in their workforce and the hard-working people that make them run. Resilient economies ensure that workers have the tools and supports they need to not only get ahead, but stay there.
Government of Canada consulting on draft legislative proposals to implement Budget 2024’s Electric Vehicle Supply Chain investment tax credit
Today, the Department of Finance released for public comment draft legislative proposals (and related explanatory notes) that would implement Budget 2024’s Electric Vehicle (EV) Supply Chain investment tax credit.
Canada successfully prices 7-year green bond to raise $2 billion
This week, the Government of Canada successfully priced its third new issuance of Canadian-dollar-denominated green bonds. This $2 billion issuance of a 7-year bond is part of a commitment to regular green bond issuances. This issuance is the fourth offering of Canadian-dollar-denominated green bonds following the prior issuances of a 10-year, $4 billion green bond in February 2024, which was re-opened in October 2024 for an additional $2 billion, and Canada’s first 7.5-year, $5 billion green bond in March 2022.
Government launches new intelligence sharing partnership focused on fentanyl trafficking and other criminal use of funds
Yesterday, the Government of Canada convened the first working meeting of the new Integrated Money Laundering Intelligence Partnership (IMLIP). This new partnership will support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada’s big banks. Canada’s newly appointed Commissioner of Canada’s Fight Against Fentanyl, Kevin Brosseau, launched the inaugural meeting and gave opening remarks.
Canada to issue third green bond
The Government of Canada is announcing its plan to issue its third Canadian-dollar-denominated green bond this week, subject to market conditions.
Government of Canada to hold a technical briefing on Canada’s response to U.S. tariffs on Canadian goods
The Government of Canada will host a media technical briefing regarding Canada’s response to the tariffs imposed by the United States on Canadian goods. Government officials in attendance will be available to answer questions from journalists. Their responses will be provided on a not-for-attribution basis.
Government of Canada announces deferral in implementation of change to capital gains inclusion rate
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of capital gains that is taxable.
Government of Canada releases draft legislation to extend 2024 charitable donations deadline
Today, the Department of Finance released draft legislation (and related explanatory notes) to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year to February 28, 2025.
Government Announces the 2025 Automobile Deduction Limits and Expense Benefit Rates for Businesses
Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2025.
Government of Canada announces extension of 2024 charitable donations to February 28, 2025
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, along with the Honourable Élisabeth Brière, Minister of National Revenue, announced that the federal government intends to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year, until February 28, 2025.
Federal government announces transfer of more than $100 billion to provinces and territories
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government will deliver $103.8 billion in major federal transfers to provinces and territories in 2025-26, in addition to other significant financial support. This represents an increase of 4.4 per cent in major transfers compared to 2024-25.
Canadians benefit from mortgage relief measures through FCAC’s actions
Canadians benefit from mortgage relief measures through FCAC’s actions
Government of Canada releases 2024 Fall Economic Statement
The Fall Economic Statement includes updates on investments to expand Canada’s social safety net, build more homes, and reduce the costs of essentials like child care, dental care, and prescription medications including insulin and contraceptives.
Investing in Jobs and Growth
The government is investing in productivity and innovation and bringing more Canadians into the workforce. This is part of the government’s economic plan to build a more innovative economy, with more investment opportunities and sustainable wage increases for Canadians. This Fall Economic Statement is also strengthening pro-worker policies to level the playing field.
“Straight Switches” and portfolio insurance
The government is amending the mortgage insurance rules to remove the requirement to apply the minimum qualifying rate on low-ratio mortgages that switch from a federally regulated lender to any new lender at renewal, effective December 16, 2024.
Safer, Healthier Communities
Canadians rightfully expect and deserve to feel safe in their communities. However, with a rise in gun violence, restrictive anti-choice groups, and targeted hate crimes, the fabric that ties our communities together is being threatened. As our country grows, we must take action to build a future where communities welcome diversity as our strength, where women’s rights are protected, and where every Canadian feels safe in the place they call home. The 2024 Fall Economic Statement is taking action to make our communities safer, vibrant, and more inclusive.
Canada Indigenous Loan Guarantee Corporation
As part of the federal government’s commitment to economic reconciliation, the government announced in Budget 2024 that it will provide up to $5 billion in Indigenous loan guarantees to unlock access to the capital needed for Indigenous groups to make major economic investments.
Reducing Everyday Costs
The government is taking action to make life cost less and put more money back in your pocket. Our economic plan is reducing everyday costs, cracking down on hidden fees, strengthening competition—especially in the grocery sector, making banking easier and more affordable and helping all communities.
Helping More Canadians Buy a Home
The government is investing to build homes at a record-breaking pace, helping Canadians find an affordable place to call home, and making the boldest mortgage reforms in decades to lower costs. The government is also working with provinces and territories to protect renters.
2024 Fall Economic Statement: Canada’s Complete Framework for Consumer-Driven Banking
The key goal of Canada’s consumer-driven banking framework is to ensure that the financial data of Canadians and small businesses is shared safely and securely. About nine million Canadians currently share their financial data by providing confidential banking credentials to service providers.
Protecting Jobs and Our Economy
Canada’s economic potential is dependent on the success of Canadians. The 2024 Fall Economic Statement announces new initiatives to secure economic growth and protect jobs, particularly in light of new economic uncertainties in North America and globally following the U.S. election.
Boldest mortgage reforms in decades come into force today
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted that the federal government’s bold mortgage reforms are coming into force today.
Unlocking Pension Investment in Canada
With over $3 trillion in assets, Canadian pension funds are renowned around the world for being well-funded and well-managed, ensuring their long-term ability to provide financial security and dignity to retirees across Canada.
Reforming and Enhancing the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
The Scientific Research and Experimental Development (SR&ED) tax incentives are a proven cornerstone of Canada’s innovation strategy, already supporting over 22,000 businesses.
2024 Fall Economic Statement: Boosting innovation to create good jobs, growth and prosperity
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Minister of Export Promotion, International Trade and Economic Development, Mary Ng, announced the 2024 Fall Economic Statement will unlock billions in new capital and include significant new incentives to help businesses grow, innovate, and create good jobs.
Legislation to put more money in your pocket receives Royal Assent
Specifically, this legislation removes the GST/HST on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, until February 15, 2025.
Remarks by the Deputy Prime Minister announcing $240 million for Cohere to scale-up AI compute capacity
Before I begin, I would like to say a few words about the Canadian economy. In October, inflation was at two per cent. That means that for 10 months now, inflation has been within the Bank of Canada’s target range. That’s good news for Canadians. Because of that, interest rates are coming down. Canada was the first G7 country to cut interest rates four times, and that’s also good news for Canadians and Canadian business owners.
Remarks by the Deputy Prime Minister at Women’s College Hospital on the National Day of Remembrance and Action on Violence Against Women
Today is a tragic day, it’s a really sad day for all of us. It is an important day of remembrance and I am glad to have the opportunity to share in the sadness and to remember with everyone here, and especially with the women and girls who are here.
Remarks by the Deputy Prime Minister on making it easier for homeowners to build secondary suites
We are making it easier for homeowners to add secondary suites, rental apartments, in-law suites, laneway homes. Today we are announcing we are doubling the loan limit for the Canada Secondary Suite Loan Program to $80,000. This program offers 15-year loan terms at just two per cent. That makes it easier for homeowners to add a secondary suite. It’s going to be administered by CMHC and it will launch in early 2025.
Remarks by the Deputy Prime Minister and Minister of Finance at the Standing Committee on Industry and Technology regarding the study of credit card practices and regulations in Canada
Our government will continue working to ensure Canadian financial consumers are treated fairly, by ensuring Canadians have access to high-quality, affordable banking options.
Remarks by the Deputy Prime Minister on delivering a tax break for all Canadians and cracking down on short-term rentals
Inflation was two per cent in October. This means that inflation has been within the Bank of Canada’s target range for the past ten months, or the entire year. Notably, interest rates have already declined four times, and Canada was the first G7 country to cut interest rates.
2024 Fall Economic Statement: Making it easier for homeowners to build secondary suites
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, announced the 2024 Fall Economic Statement will double the loan limit for the Canada Secondary Suite Loan Program to $80,000, and launch the program in early 2025. This will make it easier for homeowners to convert an unused basement into a rental apartment or a garage into a laneway home to increase density in our communities.
Remarks by the Deputy Prime Minister regarding Bill C-78, the Tax Break for All Canadians Act
Bill C-78 proposes a two-month tax break to all Canadians, from December 14, 2024, to February 15, 2025. With a GST/HST exemption across the country, Canadians will be able to buy essentials like groceries, prepared foods, snacks, and kids’ clothing—all tax-free.
Government of Canada to release the 2024 Fall Economic Statement on December 16, 2024
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will present the 2024 Fall Economic Statement on Monday, December 16, 2024.
Deputy Prime Minister announces $240 million for Cohere to scale-up AI compute capacity
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced an investment of up to $240 million in Cohere, a Toronto-based AI leader—the first investment through the new $2 billion Canadian Sovereign AI Compute Strategy launched yesterday.
Remarks by the Deputy Prime Minister announcing $1.2 billion for Toronto, enabling purchase of new Line 2 subway cars
I would like to start by pointing out that we have some good news regarding the economy. Now in October, inflation was at two per cent. For 10 months inflation was within the Bank of Canada’s target range. This is good news for all Canadians, for all the people who live in Toronto. Because of this, it is now possible for interest rates to come down.
Government delivering a tax break for all Canadians and cracking down on short-term rentals
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, highlighted how the government is putting more money in your pocket.
Weekly Update on the Government’s Economic Plan
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement and Quebec Lieutenant, Jean-Yves Duclos.
Government of Canada responds to Auditor General of Canada’s report on the Canada Emergency Business Account
Earlier today, the Office of the Auditor General of Canada tabled its fall report, one section of which examines the Canada Emergency Business Account (CEBA).
Deputy Prime Minister announces $1.2 billion for Toronto, enabling purchase of new Line 2 subway cars
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the Toronto Transit Commission (TTC) will receive nearly $1.2 billion over the next decade through the Baseline stream of the new Canada Public Transit Fund. She was joined by the Honourable Peter Bethlenfalvy, the Minister of Finance of Ontario, the Honourable Prabmeet Sarkaria, the Minister of Transport of Ontario, and Her Worship Olivia Chow, Mayor of Toronto. The Canada Public Transit Fund is the largest public transit investment in Canadian history with $3 billion in annual federal funding provided to communities across the country.
Opening statement to the Standing Committee on Industry and Technology (INDU) by Commissioner Shereen Benzvy Miller
Opening statement to the Standing Committee on Industry and Technology (INDU) by Commissioner Shereen Benzvy Miller
Government tables legislation to put more money in your pocket
The government can’t set prices at the checkout, but it can help Canadians with more money in their pocket. To help them buy the things they need and save for the things they want, today the government introduced Bill C-78, the Tax Break for All Canadians Act in Parliament. Bill C-78 proposes to provide a two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) break for holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts.
Remarks by the Deputy Prime Minister and Minister of Finance on new action to lower the cost of housing for Canadians
I’d like to start by talking about the good news on inflation. Inflation was two per cent in October. That means for the past 10 months inflation in Canada has been within the Bank of Canada’s target range.
Remarks by the Deputy Prime Minister announcing a tax break for all Canadians and the Working Canadians Rebate
It’s great to be here in the heart of such an important community, so close, to make some announcements that will really help middle class Canadians with the issue they are most worried about, and that is affordability.
Remarks by the Deputy Prime Minister on putting more money in your pocket
I’m going to start by talking about the Canadian economy, our tax break, our rebate for Canadian workers and an update on the Carbon Rebate for Small Businesses.
Joint Statement by the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, and the Minister of Public Safety, Dominic LeBlanc, on potential U.S. tariffs
Canada and the United States have one of the strongest and closest relationships–particularly when it comes to trade and border security. Canada places the highest priority on border security and the integrity of our shared border.
More money in your pocket
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, and the Honourable Rechie Valdez, Minister of Small Business, announced progress delivering new action to put more money in the pockets of Canadians and small businesses.
Weekly Update on the Government’s Economic Plan
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement and Quebec Lieutenant, Jean-Yves Duclos, and the Minister of Small Business, Rechie Valdez.
Minister Khera highlights the government's tax break for all Canadians and new Working Canadians Benefits
Minister Khera highlights the government's tax break for all Canadians and new Working Canadians Benefits
More money in your pocket: The Working Canadians Rebate
The government can’t set prices at the checkout, but we can give Canadians more money in their pockets. To help them buy the things they need and save for the things they want, the government announced that it will be introducing legislation in Parliament that would provide for the delivery of a new $250 Working Canadians Rebate to 18.7 million Canadians in early spring 2025.
More money in your pocket: A tax break for all Canadians
The government is proposing that the GST/HST be fully and temporarily relieved on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, to February 15, 2025. This tax break will make a meaningful difference for Canadians by making essentially all food GST/HST free, providing real relief at the cash register.
Deputy Prime Minister announces new action to lower the cost of housing for Canadians
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, announced significant progress to deliver Canada’s housing plan.
Weekly Update on the Government’s Economic Plan
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement and Quebec Lieutenant, Jean-Yves Duclos.
Opening statement to the Standing Committee on Industry and Technology (INDU) by Dr. Supriya Syal, Deputy Commissioner, Research, Policy and Education
Opening statement to the Standing Committee on Industry and Technology (INDU) by Dr. Supriya Syal, Deputy Commissioner, Research, Policy and Education
Remarks by the Deputy Prime Minister celebrating the 50th anniversary of the Ukrainian Canadian Congress-Alberta Provincial Council
The time has come for us to be decisive about pushing Russian oil out of the world market. That Russian oil is quite literally funding Putin’s war machine. We’ve taken significant steps to push that Russian oil out of the world market. Now, we need to move further and work harder. And I believe, Canada believes, that now is the moment to undertake that work with our allies. And I’m glad to be saying that to you here at UCC Alberta because Canada as an energy power, Alberta as an energy power, has a real voice and a real role to play in making it possible for us, as the G7, to really push Russian oil out of the global market.
Remarks by the Deputy Prime Minister highlighting 108 new affordable homes at Sault Ste. Marie’s Royal Canadian Legion
Remarks by the Deputy Prime Minister highlighting 108 new affordable homes at Sault Ste. Marie’s Royal Canadian Legion
Remarks by the Deputy Prime Minister on helping nearly 1 million Canadians save for their first home and results of the United States election
Remarks by the Deputy Prime Minister on helping nearly 1 million Canadians save for their first home and results of the United States election
Nearly 1 million Canadians saving for their first home with a Tax-Free First Home Savings Account
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that now nearly 1 million Canadians have opened a Tax-Free First Home Savings Account to save for their first downpayment.
Government launches consultations on National Bank’s proposed acquisition of Canadian Western Bank
Today, the Department of Finance is launching consultations to help inform the Minister of Finance’s decision regarding National Bank of Canada’s proposed acquisition of Canadian Western Bank, which was first announced on June 11, 2024.
Remarks by the Deputy Prime Minister at the Standing Committee on Natural Resources Regarding the Trans Mountain Expansion Project
Remarks by the Deputy Prime Minister at the Standing Committee on Natural Resources Regarding the Trans Mountain Expansion Project
Deputy Prime Minister highlights 108 new affordable homes at Sault Ste. Marie’s Royal Canadian Legion
Today in Sault Ste. Marie, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited Royal Canadian Legion Branch 25 at 96 Great Northern Road, where construction was recently completed on 108 new affordable homes for veterans and their families.
Canadians now have a single external complaints body for banking
Canadians now have a single external complaints body for banking
G7 Finance Ministers and Central Bank Governors’ Statement
We, the G7 Finance Ministers and Central Bank Governors, met on 25 October 2024 in Washington, DC. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko.
Canadians encouraged to talk money as FCAC launches Financial Literacy Month 2024
Canadians encouraged to talk money as FCAC launches Financial Literacy Month 2024
Financial Literacy Month launch event
Financial Literacy Month launch event From: Financial Consumer Agency of Canada
Remarks by the Deputy Prime Minister announcing actions to protect and create good-paying jobs for Canadian workers
We’re launching a $200 million regional AI initiative. The regional development agencies will help support AI start-ups to bring new technology to market. And they will help drive AI adoption by Canadian businesses across the economy. I do want to say to Canadian businesses who are excited about the benefits of AI in their businesses, please think about using a Canadian AI company when you are using AI in your business. This is a great strength we have; take advantage of the great AI companies we have here at home.
Government of Canada protecting reproductive freedom and covering essential health care costs
Every woman should be free to make her own decisions about her own body. Every woman in Canada should have access to the health care she needs.
Protecting reproductive freedom by preventing abuse of charitable status
Concerns have been raised that some registered charities that offer reproductive health services to women, including pregnancy options counselling, may be spreading misinformation by presenting themselves as neutral, full-service pregnancy support service organizations when they are in fact anti-choice organizations that push women away from accessing the reproductive care of their choice.
Remarks by the Deputy Prime Minister announcing healthy meals for kids in Manitoba
We’ve been through a tough time. When COVID first hit, our country suffered the deepest recession since the Great Depression. Our economy shrank by 17 per cent and it’s been tough getting out of that. In recent weeks, we’ve had some good news. What we’ve been seeing is light at the end of the tunnel. We are approaching a soft landing for the Canadian economy after the turbulence of the COVID recession and what followed.
Weekly Update on the Government’s Economic Plan
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement and Quebec Lieutenant, Jean-Yves Duclos, the Minister of Health, Mark Holland, and the Minister for Women and Gender Equality and Youth, Marci Ien.
Statement by the Deputy Prime Minister and Minister of Finance on the Extraordinary Revenue Acceleration Loan Mechanism and Russian Sovereign Assets
Statement by the Deputy Prime Minister and Minister of Finance on the Extraordinary Revenue Acceleration Loan Mechanism and Russian Sovereign Assets
G7 Finance Ministers’ Statement on Extraordinary Revenue Acceleration (ERA) Loan Initiative
G7 Finance Ministers’ Statement on Extraordinary Revenue Acceleration (ERA) Loan Initiative
Remarks by the Deputy Prime Minister on measures to help Canadians buy or rent a home
Remarks by the Deputy Prime Minister on measures to help Canadians buy or rent a home
Deputy Prime Minister to attend G7 and G20 Finance Ministers’ Meetings and Annual Meetings of the IMF and World Bank
This week, from October 23 to 25, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the Fall Meetings of G7 and G20 Finance Ministers and the Annual Meetings of the International Monetary Fund (IMF) and World Bank in Washington D.C.
Deputy Prime Minister announces action to protect and create good-paying jobs for Canadian workers
Workers are at the heart of Canada’s economy. For our economy and for every generation to reach their full potential, Canadian workers need good-paying jobs. We’re doing this by making investments that increase productivity, boost innovation, and accelerate the flow of capital into Canada. And we’re doing everything we can to protect Canadian workers from unfair competition.
Weekly Update on the Government’s Economic Plan
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement and Quebec Lieutenant, Jean-Yves Duclos, and the Minister of Employment, Workforce Development and Official Languages, Randy Boissonnault.
Canada announces tariff remission process for Canadian businesses importing certain Chinese goods
Canadian workers, the auto sector, the steel and aluminum industries, and related critical manufacturing supply chains are threatened by unfair competition from Chinese producers, who benefit from China’s intentional, state-directed policy of overcapacity and oversupply, as well as its lack of rigorous labour and environmental standards. The federal government has recently implemented a suite of tariffs (also known as surtaxes) on certain Chinese imports to level the playing field and protect Canada’s workers and businesses from China’s unfair trade policies. These include:
Healthy meals for kids in Manitoba
The federal government’s generational investments like the Canada Child Benefit, which provides families with up to nearly $8,000 per child, per year, help cover the costs of essentials children need. We’re building on this support by providing healthy meals at school, so children have what they need to learn, grow, and succeed—regardless of their family’s circumstances.
Biographical Notes – Shereen Miller
Biographical Notes – Shereen Miller
Government announces appointment of Commissioner of the Financial Consumer Agency of Canada
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Shereen Miller as Commissioner of the Financial Consumer Agency of Canada (FCAC) for a five-year term, beginning on November 7, 2024.
Remarks by the Deputy Prime Minister and Minister of Finance announcing Made-in-Canada sustainable investment guidelines and mandatory climate disclosures at the UN Principles for Responsible Investment conference
Today, we issued an additional $2 billion in green bonds. That brings our green bond issuance in total to $11 billion. We are finding there is high demand for Canadian green bonds. It’s a space where we’re going to continue to be active.
Canada successfully re-opens 10-year green bond to raise an additional $2 billion
This week, the Government of Canada successfully re-opened its second Canadian-dollar-denominated green bond, following its initial issuance in February 2024. This $2 billion re-opening of a 10-year bond is part of a commitment to regular green bond issuances.
Remarks by the Deputy Prime Minister announcing new actions to build secondary suites and unlock vacant lands to build more homes
Today, I will tell you about the new measure our government is taking to build new housing. Minister Jean-Yves Duclos (Minister of Public Services and Procurement) will tell you about the latest additions to the Canada Public Land Bank, a very important program that continues. And after that, Minister Terry Beech (Minister of Citizens’ Services) will tell you about the impact of these measures for Canadians.
Deputy Prime Minister highlights boldest mortgage reforms in decades to unlock homeownership for more Canadians
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted how the government’s bold mortgage reforms will make it more affordable to buy a home and unlock the dream of homeownership for more Canadians.
Government advances Made-in-Canada sustainable investment guidelines and mandatory climate disclosures to accelerate progress to net-zero emissions by 2050
The federal government is leading the world with a bold climate plan to grow our economy and reach net-zero emissions by 2050. Achieving this goal will require between $125 billion and $140 billion in investment into Canada every year. As a cornerstone of Canada’s net-zero economic plan, the federal government’s $93 billion suite of major economic tax credits are already available to help attract this investment.
Government advances Made-in-Canada sustainable investment guidelines to accelerate progress to net-zero emissions by 2050
The Government of Canada supports the development of voluntary Made-in-Canada sustainable investment guidelines (otherwise known as a taxonomy) that would categorize investments based on scientifically determined eligibility criteria that are consistent with the goal of reaching net-zero emissions by 2050 and limiting global temperature rise to 1.5°C above pre-industrial levels.
Canada to re-open 10-year green bond
This re-opening follows the successful issuance of a 10-year, $4 billion green bond in February 2024, which saw robust investor demand as demonstrated by a final order book of $7.4 billion. The February issuance is the government’s second green bond, following the successful issuance of Canada’s first 7.5-year, $5 billion green bond in March 2022.
Deputy Prime Minister announces new actions to build secondary suites and unlock vacant lands to build more homes
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement, and the Honourable Terry Beech, Minister of Citizens’ Services, announced significant progress in the federal government’s work to unlock more land in our communities for housing.
Mortgage Insurance Rule Changes to Enable Homeowners to Add Secondary Suites
Mortgage Insurance Rule Changes to Enable Homeowners to Add Secondary Suites
Weekly Update on the Government’s Economic Plan
The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement, Jean-Yves Duclos, and the Minister of Citizens’ Services, Terry Beech.
Remarks by the Deputy Prime Minister on investment in public transit in Toronto
Today’s announcement is really what happens when different levels of government, the city and the federal government, work together for the people who we represent.
Remarks by the Deputy Prime Minister announcing mortgage reform details to ensure Canadians can access lower monthly mortgage payments by December 15
Canada has now been the first G7 country to cut interest rates for the first time, the first G7 country to cut interest rates for a second time, and the first G7 country to cut interest rates for a third time, and we have now seen wages outpacing inflation for 19 months in a row.
Government announces significant new support to help small business owners
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Honourable Rechie Valdez, Minister of Small Business, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement, announced a comprehensive suite of measures to help small- and medium-sized businesses start up, grow, and thrive.
Canada Carbon Rebate for Small Businesses Payment Amounts, 2019-20 to 2023-24
By the end of this year, a portion of fuel charge proceeds from 2019-20 through 2023-24 will be returned to approximately 600,000 Canadian-controlled private corporations with 1 to 499 employees through this new refundable tax credit.
Canada taking further action to protect workers and critical industries against unfair Chinese competition
Canadian workers, the auto sector, the steel and aluminum industries, and related critical manufacturing supply chains are threatened by unfair competition from Chinese producers, who benefit from China’s intentional, state-directed policy of overcapacity and oversupply, as well as its lack of rigorous labour and environmental standards. That is why the federal government is taking further action to protect Canada’s workers and investments from China’s unfair trade policies.
Taxes Transport & infrastructure