Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced that the government is extending the temporary suspension of the federal fuel excise tax until Jan. 31, 2027, and applying 50 per cent of the regular excise tax rate from Feb. 1 through March 31, 2027. This will bring down everyday costs for Canadians, … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) concluded a series of high-level meetings in Asheville, North Carolina, U.S.A., where he and Bank of Canada Governor Tiff Macklem represented Canada at the G20 Finance Ministers and Central Bank Governors meeting. The gathering brought together international partners to discuss the global economic outlook, growth and financial … Read more
Secretary of State for Canada Revenue Agency and Financial Institutions Wayne Long (Saint John—Kennebecasis, N.B.) met with workers at Forbes Dairy Farm in Sarnia, Ont., and highlighted measures announced earlier this week by the government to protect and support Canadian workers and businesses during this period of uncertainty and volatility. The full release is available online. Contact Pierce.Collier@fin.gc.ca. … Read more
Nick Leswick, Deputy Minister of the Department of Finance Canada, joined by senior officials from the department, hosted a briefing with Canadian industry and labour stakeholders on Canada-United States (U.S.) economic issues. Participants discussed the suspension in trade negotiations with the U.S. and the government’s response to newly imposed and unjustified U.S. tariffs on Canadian goods. … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) met virtually with provincial and territorial finance ministers to discuss the suspension of trade negotiations with the United States (U.S.) and the government’s response to newly imposed and unjustified U.S. tariffs on Canadian goods. Ministers heard from Minister of Internal Trade, President of the King’s Privy Council, … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced a provisional safeguard measure, in the form of a 25 per cent surtax, on imports of certain wood cabinets and vanities, while the Canadian International Trade Tribunal safeguard inquiry is ongoing. The surtax will take effect on July 31, 2026, and will remain in … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced that the federal government is providing a $60 million loan to Arbec Bois d’œuvre Inc. in St-Léonard, Que., through the Large Enterprise Tariff Loan facility. The funding will help the company maintain operations, transition to a business model less reliant on the United States, and limit disruption … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) highlighted a $100 million loan to Millar Western Forest Products Ltd. through the Large Enterprise Tariff Loan (LETL) facility. The full release is available online. Contact john.fragos@fin.gc.ca.
The Department of Finance has launched consultations on draft legislation to implement previously announced tax measures and other technical amendments aimed at improving the fairness, effectiveness and competitiveness of Canada’s tax system. The proposals include changes affecting the Disability Tax Credit, carbon capture and liquefied natural gas tax incentives, transfer pricing rules, GST/HST measures, and … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced the launch of pre-budget consultations for Budget 2026, inviting Canadians to provide feedback until Sept. 8 on priorities including investment, competition, sovereignty and economic challenges. The government said that feedback submitted through the online consultation and discussions held across the country this summer by Champagne, … Read more
