Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced the federal government’s economic plan is taking action to build more homes, faster in rural communities and attract the doctors and nurses needed to improve rural health care: The federal government announced it is finalizing agreements with more than 60 small and rural communities; … Read more
As part of Canada’s economic plan, Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced a $99 million national top-up to the Canada Housing Benefit, and highlighted $100 million in emergency winter funding to enable 85 communities across the country to provide more shelter spaces for people experiencing homelessness. Innovation, Science and Industry Minister François-Philippe Champagne (Saint-Maurice–Champlain, Que.) also announced new projects to investigate and reveal price … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced the reappointment of Marie Lemay as the President and CEO of the Royal Canadian Mint for a five-year term. The full release is available online. Contact Katherine.Cuplinskas@fin.gc.ca. Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced the federal government’s intent to extend by an additional two … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) announced that the federal government will provide over $162 million in additional support to the City of Toronto, Ont. First, the federal government will provide an additional $143 million for Toronto through the Interim Housing Assistance Program to reimburse costs incurred by the city in … Read more
The Scientific Research and Experimental Development (SR&ED) program supports Canadian businesses of all sizes and in all sectors that conduct research and development (R&D) by providing tax incentives (both a deduction against income and an investment tax credit). The government will also consider whether the tax system can play a role in encouraging the development and retention of … Read more
The Government of Canada will be offering low-cost loans to build more student housing on- and off-campus. By reforming the Apartment Construction Loan Program, we will help more students find housing they can afford close to where they study, and help ensure that there are more homes available for families who live in those same … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) and Minister for Women and Gender Equality and Youth Marci Ien (Toronto Centre, Ont.) visited Canary Landing in Toronto, Ont., to highlight how Canada’s economic plan is putting homeownership back within reach and building more homes, faster. The construction of these new rental homes is … Read more
Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) pursuant to her authorities under the Bank Act, approved the sale of HSBC Bank Canada to Royal Bank of Canada, subject to strict terms and conditions imposed on RBC. RBC’s proposed acquisition followed HSBC Global’s November 2022 announcement of its exit from the Canadian market, part of the … Read more
The Government of Canada launched consultations to advance major economic investment tax credits and create good jobs, crack down on short term rentals and make housing more affordable, and ensure the fairness of Canada’s tax system. Today, the government released draft legislation for the Clean Hydrogen investment tax credit, and the Clean Technology Manufacturing investment tax credit. The … Read more
The government will launch consultations in January 2024 on a cost-neutral modernization of the Scientific Research and Experimental Development tax incentive program. The transition of National Research Council Industrial Research Assistance Program to the Canada Innovation Corporation will now take place following the full implementation of the CIC no later than 2026-2027. The government will be seeking … Read more
