Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) and Minister of Small Business Rechie Valdez (Mississauga-Streetsville, Ont.) issued a statement: “The Canada Emergency Business Account was a critical lifeline for nearly a million Canadian small businesses in the worst moments of the pandemic.” They continued “While the Auditor General offers some good and … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced that the Toronto Transit Commission will receive nearly $1.2 billion over the next decade through the Baseline stream of the new Canada Public Transit Fund. The Canada Public Transit Fund is the largest public transit investment in Canadian history with $3 billion in annual federal funding provided to … Read more
On Nov. 27, 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. Bill C-78, the Tax Break for All Canadians Act would provide real relief at the cash … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) and Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs Dominic LeBlanc (Beauséjour, N.B.) issued a statement: “Canada and the United States have one of the strongest and closest relationships–particularly when it comes to trade and border security.” They continued “Canada is essential to US domestic … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.), Minister of Public Services and Procurement and Quebec Lieutenant Jean-Yves Duclos (Québec, Que.) and Minister of Small Business Rechie Valdez (Mississauga-Streetsville, Ont.) announced progress delivering new action to put more money in the pockets of Canadians and small businesses, including: draft legislation to deliver the federal … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) and Minister of Public Services and Procurement Jean-Yves Duclos (Québec, Que.) announced progress to deliver Canada’s housing plan: Consultations to confront the financialization of housing; Consultations to remove the GST on the construction of new student residences; Starting Nov. 21, 2024, more mortgage holders will … Read more
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. The proposed acquisition would require an additional approval from the Minister of Finance to recategorize Canadian Western Bank and exempt it … Read more
In Sault Ste. Marie, Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) visited Royal Canadian Legion Branch 25 at 96 Great Northern Rd., where construction was recently completed on 108 new affordable homes for veterans and their families. This new nine-storey apartment building, with 30 per cent of homes under market rents, was made possible by $32.1 … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.), Health Minister Mark Holland (Ajax, Ont.), Minister of Public Services and Procurement and Quebec Lieutenant Jean-Yves Duclos (Québec, Que.) and Minister for Women and Gender Equality and Youth Marci Ien (Toronto Centre, Ont.) announced new action to protect reproductive freedom and updated on the government’s progress covering … Read more
G7 finance ministers’ issued a joint statement: “In line with the mandate we were given by G7 Leaders at the Apulia Summit in June, we are glad to announce our agreement on the operationalisation of the ERA Loan initiative for the benefit of Ukraine. We recall the G7 Leaders’ pledge that, consistent with all applicable … Read more
