Two-year freeze will keep costs down while supporting hospitality and alcohol sectors TORONTO — The Ontario government is keeping costs down and supporting the province’s alcohol and hospitality sectors by stopping the estimated 4.6 per cent increase to the beer basic tax and LCBO mark-up rates that was scheduled for March 1, 2024. This increase would have resulted from rates being …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the federal government’s intent to extend by an additional two years the existing ban on foreign ownership of Canadian housing. For years, foreign money has been coming into Canada to buy up residential real estate, increasing housing affordability concerns in cities across the country, and particularly in major …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, said that the Liberal government is continuing to deliver “our economic plan in 2024! We are bringing down the cost of child care to $10-a-day in every province and territory, expanding dental care to more Canadians, creating good jobs, and building more homes, faster.”
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Susana Lee as a member of the Canadian International Trade Tribunal (CITT), as well as the reappointment of Cheryl Beckett and Georges Bujold. All three appointments are for five-year terms. “The Canadian International Trade Tribunal is known around the world for its fair and timely …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, pursuant to her authorities under the Bank Act, approved the sale of HSBC Bank Canada (HSBC) to Royal Bank of Canada (RBC), 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, which is part of …
Government guarantees price of carbon for Canadian-made carbon capture technology Calgary – In Calgary,Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the announcement of the second investment by the Canada Growth Fund—and the world’s first carbon credit offtake agreement of its kind. The Growth Fund’s $200 million direct investment and complementary carbon contract for difference in a world-leading …
Province will ensure a stable and responsible transition to new marketplace that promotes Ontario-made products and local jobs Ontario – The Ontario government announced that beginning no later than January 1, 2026, consumers will be able to buy beer, wine, cider, coolers, seltzers, and other low-alcohol ready-to-drink beverages at all participating convenience, grocery and big box stores across the province. …
Ottawa – Every family in Canada deserves access to high-quality child care when they need it and at a price that won’t break the bank. The Government of Canada is working closely with provincial, territorial and Indigenous partners to make this a reality. Jenna Sudds, Minister of Families, Children and Social Development joined Chrystia Freeland, Deputy Prime Minister and Minister …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and Sean Fraser, Minister of Housing, Infrastructure and Communities, announced that more than 300,000 Canadians have opened a Tax-Free First Home Savings Account since April 1, 2023, which is making it more affordable for them to save for a down payment. The Tax-Free First Home Savings Account allows Canadians to …
Province supporting municipal water projects to help build more housing MISSISSAUGA — The Ontario government is investing $200 million over three years to help municipalities repair, rehabilitate and expand critical drinking water, wastewater and stormwater infrastructure. The new funding will support the province’s rapidly growing population, unlock more housing opportunities and spur economic growth. “We have heard time and time …
