Press Release Department: Federal - Finance Canada

Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivizing companies to produce and invest in Canada, ensuring Canada remains a global powerhouse for automotive manufacturing. Vehicle assemblers, parts producers, importers, workers’ associations, unions, and other interested parties are invited to submit their feedback … Read more

The Department of Finance Canada released its annual estimates of the fiscal cost of federal tax measures in the 2026 Report on Federal Tax Expenditures—Concepts, Estimates and Evaluations. The report also includes two analytical papers: (1) “GBA Plus: Analysis of the Federal Tax System and Income Distribution Across Diverse Population Groups in Canada”; and (2) “Evaluation of … Read more

Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) welcomed a strategic commitment to invest up to US$85 million (approximately C$116 million) by the Canada Growth Fund as part of a broader transaction to acquire and turn around the Vale Base Metals Thompson Mine Complex. This investment would form part of a US$200 million … Read more

Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) concluded a visit in Brussels, Belgium, to reiterate Canada’s commitment to shared economic prosperity and strengthened collaboration on both sides of the Atlantic. Throughout this visit, Champagne solidified Canada’s strengths as a key partner in transatlantic trade, security, innovation, and defence, while reinforcing a shared … Read more

Following Parliament’s expedited passage of Bill C-19, the Canada Groceries and Essentials Benefit Act, this legislation received Royal Assent to deliver that support. The new Canada Groceries and Essentials Benefit will provide relief to more than 12 million low- and modest-income Canadians, helping them afford day-to-day essentials starting in the spring of 2026. Bill C-19 will: … Read more

This week, the Government of Canada successfully priced its sixth issuance of a Canadian-dollar-denominated green bond, raising $2 billion in a new 10-year offering. This issuance saw robust demand from environmentally and socially responsible investors who represented a majority of buyers (59 per cent). The final order book stood at over $3.4 billion. The full release is available online. Contact mediare@fin.gc.ca.

The Government of Canada launched its sixth issuance of Canadian-dollar-denominated green bonds this week, subject to market conditions. For this issuance, the government plans to issue a new 10-year green bond. This follows the October 2025 issuance of a new $1 billion 30-year bond and the $1.5 billion re-opening of the seven-year bond that was … Read more

The Department of Finance released for consultation draft legislative proposals to implement a range of previously announced tax measures. The proposed changes aim to clarify and improve tax rules, close gaps to prevent tax avoidance, and ensure existing measures work as intended. The full release is available online. Contact John.Fragos@fin.gc.ca. Secretary of State for Canada Revenue Agency … Read more

Minister of Veterans Affairs and Associate Minister of National Defence Jill McKnight (Delta, B.C.) welcomed a strategic investment of up to US$65 million (approximately C$89.6 million) by the Canada Growth Fund in Mangrove Water Technologies Inc. (“Mangrove Lithium”), as part of a US$85 million structured financing package with BMW i Ventures and Breakthrough Energy Ventures. The financing … Read more

The Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2026. The following changes to limits and rates took effect as of Jan. 1, 2026: The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will increase from $38,000 to $39,000, before tax, in … Read more