Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, highlighted how the government is putting more money in your pocket. First, the Deputy Prime Minister and Minister of Finance highlighted that Bill C-78, the Tax Break for All Canadians Act, has been adopted by the House of Commons. The …
Covering essential health care costs in Canada
Ottawa – Every woman should be free to make her own decisions about her own body. Every woman in Canada should have access to the health care she needs. However, concerns have been raised that some registered charities that offer reproductive health services to women, including pregnancy options counselling—and that are provided federal supports under the tax system—may be spreading …
Deputy PM to attend G7, G20, IMF, World Bank meetings
Ottawa – Deputy Prime Minister and Minister of Finance, Chrystia Freeland, attended Fall Meetings of G7 and G20 Finance Ministers and the Annual Meetings of the International Monetary Fund (IMF) and World Bank in Washington D.C. At these meetings, the Deputy Prime Minister advanced work with Canada’s allies to strengthen supply chains with trusted trading partners to create jobs and …
Govt announces significant new support to help small business owners
Ottawa – Canada’s small- and medium-sized businesses keep main streets flourishing across the country, create good-paying jobs, and deliver the dream of entrepreneurship. It is essential that these businesses thrive so they can continue being the bedrock of our communities and our economy. Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside Rechie Valdez, Minister of Small Business, and …
Taking action to protect workers, industries against Chinese competition
Ottawa – Canadian workers, the auto sector, the steel and aluminum industries, and related critical manufacturing supply chains are threatened by unfair competition from Chinese producers, who benefit from China’s intentional, state-directed policy of overcapacity and oversupply, as well as its lack of rigorous labour and environmental standards. That is why the federal government is taking further action to protect …
Can new mortgage reforms unlock homeownership for Canadians?
Ottawa – Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, new mortgage rules came into effect on August 1, 2024, allowing 30 year insured mortgage amortizations for first-time homebuyers …
Helping students return to school with $7.3b in grants, interest-free loans
Nanaimo, British Columbia – Department of Finance Canada To unlock good-paying opportunities for every generation, particularly for Millennials and Gen Z, every student must have fair access to post-secondary education, regardless of their ability to pay. Everyone should be able to afford college, university, or an apprenticeship, graduate and find a good job, put a roof over their head, and …
Toronto’s Evergreen Brick Works gets $2.4m
Toronto – In Toronto, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced an investment of nearly $2.4 million to retrofit the TD Futures Cities Centre at Evergreen Brick Works. Evergreen, the national non-profit that stewards the site, was incorporated in 1991 and is dedicated to transforming public spaces for people and planet. In addition, Evergreen is providing just …
Canada responds to international tax reforms
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and Mary Ng, Minister of Export Promotion, International Trade and Economic Development, issued the following statement following the US Trade Representative’s request for consultations on Canada’s digital services tax under the new NAFTA (the Canada-United States-Mexico Agreement) : “Canada strongly supports international efforts to end the corporate tax race …
Freeland at Entropy’s Glacier clean
Saddle Hills – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited Advantage Energy’s Glacier plant in Alberta’s Peace Country, the world’s first abated natural gas facility. She highlighted how the Canada Growth Fund’s $200 million investment and carbon contract for difference are enabling Calgary’s Entropy Inc. to implement carbon capture and sequestration technology. In December 2023, the Canada …