Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced a series of measures to protect Canadian steel and aluminum producers and workers. The government will take these measures to bolster its response: Canada will adjust its existing counter-tariffs on steel and aluminium products on July 21 Effective June 30, the government will begin implementation … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) convened a virtual meeting with provincial and territorial Finance Ministers to advance shared priorities and strengthen Canada’s economic resilience. Champagne opened the discussion with an update on Canada–U.S. relations, emphasizing the federal government’s determination to remove unjustified U.S. tariffs still in force on many Canadian products. The full release … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced that Canada will extend the Ukraine Goods Remission Order until June 9, 2026. Canada is continuing to support Ukraine’s economy with a one-year extension on tariff-free importation of Ukrainian goods into Canada. The full release is available online. Contact audrey.milette@fin.gc.ca.
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) tabled a notice of Ways and Means Motion in Parliament with proposals to: Deliver a middle class tax cut, providing tax relief for nearly 22 million Canadians and saving families up to $840. Eliminate the Goods and Services Tax (GST) for first-time home buyers on new … Read more
G7 Finance Ministers and Central Bank Governors concluded their meeting in Banff, Alta., which is part of Canada’s 2025 G7 Presidency. Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) and Bank of Canada Governor Tiff Macklem co-chaired the meeting. Ministers and Governors agreed to: a G7 Financial Crime Call to Action to spur … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced one of the first orders of business on the government’s legislative agenda for the new session of Parliament: tax relief for nearly 22 million Canadians, saving two-income families up to $840 a year in 2026. This measure is expected to deliver over $27 billion … Read more
Minister of Finance François-Philippe Champagne (Saint-Maurice–Champlain, Que.) concluded his participation in the meetings of the G7 and G20 Finance Ministers and Central Bank Governors, this week in Washington, D.C. Champagne and Bank of Canada Governor Tiff Macklem co-chaired the G7 meeting, as part of Canada’s presidency of the G7 in 2025, and at a critical time when … Read more
Minister of Finance François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced new measures for Canadian businesses and entities affected by the tariff dispute between Canada and the United States. Measures include: A performance-based remission framework for automakers, designed to incentivize continued production and investment in Canada; A temporary six-month relief for goods imported from the U.S. that are … Read more
Minister of Finance François-Philippe Champagne (Saint-Maurice–Champlain, Que.) confirmed that Canada’s new countermeasures announced last week in response to the unjustified tariffs imposed by the United States on the Canadian auto industry will come into force at 12:01 a.m. EDT on April 9. A remission framework for auto producers that incentivizes production and investment in Canada, and … Read more
Minister of Finance François-Philippe Champagne (Saint-Maurice–Champlain, Que.) hosted a meeting with his provincial and territorial counterparts, to discuss the Canada-United States (U.S.) relationship and Canada’s response to the U.S.’s unwarranted and unreasonable tariffs on Canadian goods. Champagne welcomed the active role of the premiers and their provincial and territorial governments in addressing the tariff issue. He committed … Read more
