Secretary of State for Canada Revenue Agency and Financial Institutions Wayne Long (Saint John—Kennebecasis, N.B.) visited Port Saint John, N.B., to highlight Budget 2025’s launch of a new Trade Diversification Corridors Fund to strengthen supply chains, unlock new export opportunities, and build a more resilient, diversified economy. This will help Canada transition from an economy reliant on one … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) highlighted core measures from this week’s Budget 2025 to lower the prices Canadians pay by promoting private sector competition, including concrete steps to boost competition in the telecom sector to lower costs; competition, innovation, and efficiency in the Canadian financial sector; and to prohibit registered and investment account transfer … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) tabled Budget 2025 and is available online. Budget 2025: Canada Strong is our plan to transform our economy from one that is reliant on a single trade partner, to one that is stronger, more self-sufficient, and more resilient to global shocks. Canada’s new government is delivering an investment … Read more
Budget 2025 will provide $77.0 million over four years, starting in 2026-27, with ongoing funding of $19.2 million annually, for the Canada Revenue Agency to lift the moratorium on the penalties for failure to report fees for service transactions in the trucking industry and to implement a focused program that addresses non-compliance issues related to personal … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) and Minister for Women and Gender Equality, and Secretary of State for Small Business and Tourism Rechie Valdez (Mississauga–Streetsville, Ont.) announced that Budget 2025 will provide new funding to advance equality and inclusion across Canada, ensuring every community benefits from the country’s economic growth. The … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) highlighted Budget 2025 investments in Canadian workers: Union Training and Innovation Program expansion Introduction of a a temporary five-year Personal Support Workers Tax Credit Amendments to the Canada Labour Code to restrict the use of non-compete agreements in employment contracts for federally regulated businesses A $97 million investment over … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) and Minister of Industry and Quebec Economic Development Mélanie Joly (Ahuntsic-Cartierville, Que.) announced significant reductions to the import quotas of General Motors (GM) and Stellantis. GM’s decision to reduce their production in Oshawa, Ont., and in Ingersoll, Ont., facilities, and Stellantis’ decision to cancel its production … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) announced that Budget 2025 will introduce Canada’s first-ever whole-of-government National Anti-Fraud Strategy, which will include the introduction of legislative amendments requiring banks to have policies to prevent and address fraud, while giving consumers more control over their bank accounts. The government will also establish a new Financial Crimes Agency to … Read more
Minister of Finance and National Revenue François-Philippe Champagne (Saint-Maurice–Champlain, Que.) concluded a productive trip to Washington, D.C. During his visit, Champagne co-chaired a meeting of G7 Finance Ministers and Central Bank Governors, alongside Tiff Macklem, Governor of the Bank of Canada. At the request of Canada, the Prime Minister of Ukraine, Yuliia Svyrydenko, was invited to … Read more
Last week, the Government of Canada successfully priced its fifth issuance of Canadian-dollar-denominated green bonds, including $1 billion in a new 30-year bond and a $1.5 billion re-opening of its seven-year bond issued in February 2025. The final order book stood at over $1.9 billion. For the re-opened seven-year bond, environmentally and socially responsible investors made … Read more
