Minister of State (Finance) Ted Menzies (Macleod, AB) reiterated the Harper Government’s call for strong, united and decisive leadership, particularly from Europe and G-20 countries, to deliver immediate and credible strategies for strengthening the global recovery. Menzies spoke at the fifth annual meeting of the Toronto Forum for Global Cities. The Minister noted that Canada’s … Read more
The department of Finance has posted a public consultation on Ensuring the Effectiveness of Registered Disability Savings Plans. The consultation is open to anyone and closes December 16, 2011. More information is available online. On behalf of Finance Minister Jim Flaherty (Whitby-Oshawa, ON), International Trade Minister Ed Fast (Abbotsford, BC) announced that the Government of … Read more
A tax information exchange agreement between Canada and the Kingdom of the Netherlands in respect of Aruba was signed on October 20, 2011. Consistent with Canada’s international efforts to promote transparency and effective exchange of tax information, the Agreement provides for the mutual exchange of tax information that is possessed by, or accessible to, the … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) called on European leaders and the Group of Twenty to act quickly, with strong, united and decisive leadership, to effectively address current economic and fiscal challenges. In a speech to the Ireland Canada Business Association in Dublin, Flaherty characterized the European debt crisis as the world’s most immediate and … Read more
Minister of State (Finance) Ted Menzies (Macleod, AB) spoke at the Investment Funds Institute of Canada’s Annual Industry Conference about how the introduction of Pooled Registered Pension Plans will leverage Canada’s financial sector advantage to build a stronger retirement income system. PRPPs will differ from existing Registered Pension Plans in that they will allow individuals … Read more
On behalf of Finance Minister Jim Flaherty (Whitby-Oshawa, ON), Conservative MP Patrick Brown (Barrie, ON) announced that the Government of Canada will contribute up to $5.8 million through the P3 Canada Fund towards the Barrie Transit Facility Project. The City of Barrie will contribute up to $17.7 million towards the balance of the capital costs. … Read more
Minister of State (Finance) Ted Menzies (Macleod, AB) announced government regulations that prohibit the promotion and sale of unauthorized insurance products by banks on their web pages. Menzies said the government wants to ensure the Bank Act reflects the new reality of online banking, to avoid attempts by banks to do on their web sites … Read more
The agreement between Canada and St. Vincent and the Grenadines for the Exchange of Information on Tax Matters entered into force on October 4, 2011. The agreement was signed on June 22, 2010. The agreement has effect in accordance with the provisions of Article 13 of the agreement. The full release is available online. Call … Read more
The Department of Finance announced that Canada's official international reserves decreased by an amount equivalent to US$775 million during September to US$63,718 million. The full release is available online. Finance Minister Jim Flaherty (Whitby-Oshawa, ON) called on governments in both advanced and emerging economies to work together to strengthen market confidence and forge the policies needed to … Read more
Finance Minister Jim Flaherty (Whitby-Oshawa, ON) announced three new members of his Economic Advisory Council, which was first established at the outset of the global recession in 2008. The council includes Canadian business and academic leaders who provide advice to the Government on a broad range of fiscal, economic and financial issues. The three new … Read more
