Minister of State (Finance) Ted Menzies (Macleod, AB) spoke to the Salmon Arm Rotary Club about a new pension option for the millions of Canadians currently without access to a workplace pension plan. Pooled Registered Pension Plans (PRPPs) will be available once provinces pass their enabling legislation. Menzies said because PRPPs will involve pooling large … Read more
The Convention between Canada and the Republic of Colombia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital entered into force on June 12, 2012. The convention was signed on Nov. 21, 2008. In accordance with article 29 of the convention, its provisions … Read more
The Audit of the Access to Information Process is available on the Finance Canada website.
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) welcomed landmark new regulations to help consumers resolve disputes in a more timely, impartial and transparent manner. Flaherty said the sweeping new rules will give more power to consumers looking to resolve a dispute with their bank by creating a stronger, more independent consumer complaint system. Flaherty added that … Read more
The Department of Finance announced that Canada's official international reserves decreased by an amount equivalent to US$2,481 million during June to US$66,218 million. The full release is available online. Call 613-996-8080. Finance Minister Jim Flaherty (Whitby-Oshawa, ON) welcomed proposed regulatory changes that will establish a legal framework for providing credit unions the option to be … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) welcomed royal assent of Bill C-38, Jobs, Growth and Long-term Prosperity Act, which enacts core measures from Economic Action Plan 2012 in addition to previously announced measures. Flaherty said with the Jobs, Growth and Long-term Prosperity Act in place, Canada is ideally positioned to address the challenges that lie … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) applauded the U.S. Internal Revenue Service’s decision to help dual citizens residing in Canada deal with their U.S. tax filing obligations and provide assistance for people with Canadian retirement plans. Flaherty said the Canadian government told the U.S. government that the vast majority of Canadians targeted were honest, hard-working … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) launched consultations on increasing the availability of venture capital for high-growth businesses in Canada. In Economic Action Plan 2012, the government announced that it would make available $400 million to help increase private sector investments in early-stage risk capital and to support the creation of large-scale venture capital funds … Read more
As part of the government’s continuous efforts to strengthen Canada’s housing finance system, Finance Minister Jim Flaherty (Whitby-Oshawa, ON) announced further adjustments to the rules for government-backed insured mortgages. Flaherty said the adjustments the government is making will help Canadians realize their goals, build on the previous measures the government has introduced to keep the … Read more
Finance Canada issued a statement on the situation in Greece. The government said it looks forward to working with the next government of Greece, and believe that it is in all interests for Greece to remain in the Euro area while respecting its commitments. The full release is available online.
