Minister of State (Finance) Ted Menzies (Macleod, AB) marked the passage through the House of Commons of Bill C-25, Pooled Registered Pension Plans Act. Menzies said at the December 2010 meeting of Canada’s finance ministers, there was unanimous agreement to pursue a framework for Pooled Registered Pension Plans. The full release is available online. Call … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) announced the appointment of Angela Tu Weissenberger to the Board of Directors of the Canada Deposit Insurance Corporation. Tu Weissenberger is a senior economics professional and founder of ATM Associates, Inc. She has significant experience as an advisor for the financial services industry, as well as in-depth experience working … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) delivered a keynote address at the 15th Payments Panorama Conference, highlighting the government’s actions to foster an innovative payments system that keeps pace with the emerging digital economy. Payments Panorama is a biennial gathering of payments industry stakeholders, which include banks, payment card network operators, credit unions, consumer and … Read more
The Department of Finance announced that Canada’s official international reserves decreased by an amount equivalent to U.S. $845 million during May to U.S. $68,699 million. The full release is available online. Call 613-996-8080.
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) and government ministers throughout Canada are putting the spotlight on the benefits of the government’s plan for Responsible Resource Development to communities across the country, specifically the job creation, growth and long-term prosperity that all Canadians can share in. Flaherty took the opportunity to outline the steps the government … Read more
The Agreement between Canada and the Kingdom of the Netherlands in respect of Aruba for the exchange of information with respect to tax matters entered into force on June 1, 2012. The agreement was signed on Oct. 20, 2011. The Agreement has effect in accordance with the provisions of Article 14 of the Agreement. Call … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) along with former fire chief and Conservative MP Rodney Weston (Saint John, NB) and Conservative MP Rob Moore (Fundy Royal, NB) praised Canada’s volunteer firefighters and highlighted the government’s initiatives to strengthen support for first responders. Speaking to volunteer firefighters at the all volunteer fire station the St. Martins … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) released The Fiscal Monitor for March 2012. There was a budgetary deficit of $9.0 billion in March 2012, compared to a deficit of $6.2 billion reported in March 2011. Revenues increased by $1.6 billion, or 6.8 per cent, reflecting increases in personal income tax revenues and other revenues. Program … Read more
Minister of State (Finance) Ted Menzies (Macleod, AB) highlighted Canada’s global economic leadership in a speech to the Astana Economic Forum in Kazakhstan. Menzies said Canada’s economic fundamentals are strong and its international commitments are on track in terms of reducing deficits and returning to fiscal balance in the medium term. Menzies added that internationally, … Read more
A new Convention between Canada and the Republic of Poland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed on May 14, 2012, in Ottawa. Once in force, the new Convention will replace the current Canada-Poland Tax Convention signed in 1987. Call 613-995-2980.
