Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) welcomed the announcement of the Canada Growth Fund’s sixth investment. The Canada Growth Fund and Strathcona Resources—Canada’s fifth-largest oil producer—have agreed to invest up to $2 billion combined to build carbon capture and sequestration infrastructure on Strathcona’s steam-assisted, gravity drainage oil sands facilities in Saskatchewan and … Read more
Canada launch a 30-day consultation, from July 2, 2024, to August 1, 2024 on potential policy responses to protect Canada’s auto workers and its growing EV industry from unfair trade practices, and prevent trade diversion resulting from recent action taken by Canadian trading partners. The consultations seek views on potential policy responses, including a surtax under section … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) welcomed the announcement of the Canada Growth Fund’s fifth investment. Through a novel form of carbon contract for difference, the Canada Growth Fund is working with Markham District Energy Inc. to expand its affordable, clean energy services to more residents and businesses. Markham District Energy’s network … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) highlighted that the Canada Infrastructure Bank has invested more than $2 billion in eight internet service providers. This investment is supporting high-speed internet projects, connecting 430,000 more rural and remote Canadians households. Contact Katherine.Cuplinskas@fin.gc.ca.
As part of Budget 2024, the federal government will provide $10 million over two years to support Toronto’s Harbourfront Centre. With this investment, Harbourfront Centre will be able to complete pending repairs in order to continue welcoming visitors and help the local economy. The investment will also support Canadian artists, ensuring they have a place to showcase … Read more
Bill C-59, the Fall Economic Statement Implementation Act, 2023, received royal assent. With the passage of this legislation, the government is delivering on key measures from the 2023 Fall Economic Statement to help make life cost less, build more homes, and ensure our economic growth is shared by all. The full release is available online. Contact Katherine.Cuplinskas@fin.gc.ca. Bill C-69, the Budget … Read more
The Department of Finance released draft regulations to enable Alberta, Manitoba, New Brunswick, Yukon, and PEI to participate in Canada’s coordinated vaping taxation framework. In Budget 2024, the government announced a 12 per cent increase to vaping excise duty rates. This increase is the equivalent of 12 cents per typical vape pod in a non-participating jurisdiction, or 24 cents per typical vape … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) welcomed the announcement of the Canada Growth Fund’s fourth investment. Through its second carbon contract for difference, the Canada Growth Fund is supporting Varme Energy Inc.—an Edmonton-based developer of waste-to-energy facilities with integrated carbon capture and storage. In partnership with Gibson Energy Inc., Varme is … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) tabled a Notice of Ways and Means Motion in Parliament to deliver greater tax fairness and implement the changes in capital gains taxation announced in Budget 2024. The government is maintaining existing capital gains exemptions and creating new exemptions, including: Maintaining the Principal Residence Exemption A new $250,000 … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.); Diversity, Inclusion and Persons with Disabilities Minister Kamal Khera (Brampton West, Ont.); Ontario’ Minister of Transportation Prabmeet Sarkaria; and Harkirat Singh, deputy mayor of Brampton, Ont., announced a joint federal-provincial-municipal investment of more than $17.4 million to improve public transit in the City of Brampton and … Read more
