Department of Finance Canada

  1. I really believe that small businesses—small, entrepreneurial family-run businesses—are the heart of our communities, they are the heart of our country, they are the heart of our economy.
  2. Today the federal government is moving forward with consultations that will advance key budget priorities.
  3. In Budget 2022, the Government proposed the introduction of the Tax-Free First Home Savings Account (FHSA). This new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis.
  4. Budget 2022 proposed the final design of an investment tax credit for Carbon Capture, Utilization, and Storage (the CCUS Tax Credit), and indicated that design features with respect to the recovery of the CCUS Tax Credit, climate risk disclosure and knowledge sharing would follow.
  5. I think all of us who are not truckers had an opportunity during COVID to realize who really does the essential work in our country. And truckers and trucking companies are among the most essential pieces of the Canadian economy.
  6. As Atlantic Canada’s largest port— as a cornerstone of the New Brunswick and Canadian economies—the work that happens here connects Canada to the global economy and helps supply the goods that Canadians rely on.
  7. We note the publication today of a consent solicitation from Ukraine to defer the debt service due to bondholders from August 1st, 2022 and to extend payment maturities.
  8. This is an incredibly challenging time for the global economy and for Canada too. Life is more expensive for people in Canada and around the world. Supply chains have been disrupted and the pandemic exacted an economic as well as a human toll.
  9. Today, the Government of Canada announced clarifications relating to an amendment adopted in the House of Commons to Bill C-19 (An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures), which received Royal Assent on June 23, 2022.
  10. Today, the Government of Canada announced clarifications to the implementation of the Luxury Tax, which was included in Bill C-19 (An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures), which received Royal Assent on June 23, 2022.
  11. Remarks by the Deputy Prime Minister and Minister of Finance on employment – Sherbrooke, Quebec
  12. As committed to earlier this year, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today confirmed that the provinces and territories have now received an additional $2.85 billion in funding for health care, public transit, and safer air in our schools.
  13. It is so wonderful to be here today, and to be here with my friends, Lisa Hepfner and Filomena Tassi. Thank you both for being here and thank you both for representing this community so effectively and energetically.
  14. I would like to begin by acknowledging that the land that we are gathered on is situated on the traditional territory of the Mississaugas of the Credit First Nation, and before them, the traditional territory of the Haudenosaunee and the Huron Wendat Nation.
  15. This week, on July 15 and 16, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will participate in the G20 Finance Ministers and Central Bank Governors Meeting in Bali, Indonesia.
  16. The Government of Canada is committed to appointing highly qualified candidates able to best serve the interests of Canadians, through open, transparent and merit-based selection processes for all Governor-in-Council appointments.
  17. Serge Fréchette served as Vice-Chairperson of the Canadian International Trade Tribunal between 2006 and 2014. During that same period he also served as a panelist on a number of dispute settlement matters before the World Trade Organization.
  18. Mr. Eric Wildhaber has over 20 years of experience in procurement, customs, and trade remedies law, over the course of his Public Service career which began in 1998 (Department of Foreign and International Trade, Trade Law Bureau).
  19. Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, visited Collingwood Neighbourhood House in Vancouver, British Columbia, to celebrate the one-year anniversary of the first agreement with a province or territory to establish Canada-wide early learning and child care.
  20. Remarks by the Deputy Prime Minister on growing the economy and making life more affordable
  21. Opening of the new International Sustainability Standards Board office in Montreal
  22. Today in Montreal, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, joined by the Minister of Sport and Minister responsible for Canada Economic Development Agency of Canada for the Regions of Quebec, the Honourable Pascale St-Onge, announced the inauguration of the Montreal office of the International Sustainability Standards Board (ISSB), an initiative of the International Financial Reporting Standards (IFRS) Foundation.
  23. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the Royal Assent of Bill C-19, An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures.
  24. This is a very consequential time for both Canada and the United States. The global economy is changing, and that poses challenges for both of our countries—but it also offers historic opportunities today and in the years ahead.
  25. Today in Toronto, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, met with the Secretary of the Treasury of the United States, Janet L. Yellen, during the Secretary’s first official visit to Canada.
  26. Our economy had contracted by 17 per cent . Three million Canadians had lost their jobs , and our government had just deployed war-time spending to prevent a complete collapse.
  27. Inflation is a global phenomenon driven in large part by the lasting impacts of a once-in-a-generation pandemic, and amplified by China’s ongoing COVID-zero policies and Russia’s illegal invasion of Ukraine.
  28. The federal government takes the issues of money laundering and terrorist financing very seriously, and welcomes the Cullen Commission’s final report. The government will closely examine the report and continue working with all partners, including the Government of British Columbia, as part of its efforts to review and improve Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime.
  29. I am here to speak about the economic costs of the occupation and blockade and the measures carried out under the Emergency Economic Measures Order.
  30. To date this year, Canada has committed over $3 billion in economic, military and humanitarian support to Ukraine. This includes $1.9 billion in loans to Ukraine, of which $1.5 billion has already been disbursed. As I said during this week’s meetings, we must all do our part to support Ukraine and its democratically elected government.
  31. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the Royal Assent of Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures.
  32. From June 8 to 10, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, will be in Paris, France to attend the 2022 Meeting of the Organisation for Economic Co-operation and Development (OECD) Council at the Ministerial Level.
  33. From June 8 to 10, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, will be in Paris, France to attend the 2022 Meeting of the Organisation for Economic Co-operation and Development (OECD) Council at the Ministerial Level.
  34. From June 8 to 10, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, will be in Paris, France to attend the 2022 Meeting of the Organization for Economic Co-operation and Development (OECD) Ministerial Council.
  35. Today, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, met with the Secretary of the Treasury of the United States, Janet L. Yellen.
  36. Remarks by the Deputy Prime Minister and Minister of Finance from Appearance at the Standing Senate Committee on National Finance to Discuss Bills C-8 and C-19
  37. This week, I joined my G7 counterparts and our countries’ respective Central Bank governors in Bonn to discuss the state of the global economy.
  38. We, the G7 Finance Ministers and Central Bank Governors, met on the Petersberg on 18-20 May 2022
  39. Today, at the G7 Finance Ministers and Central Bank Governors Meeting in Germany, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, announced an additional loan of $250 million to Ukraine through the International Monetary Fund’s (IMF) Administered Account for Ukraine.
  40. This week, from May 18 to 20, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will participate in the G7 Finance Ministers and Central Bank Governors Meetings in Bonn and Königswinter, Germany.
  41. On February 18, 2022, the federal government provided an update on the Trans Mountain Expansion Project. With 50 per cent of the pipeline already built and the project significantly de-risked, the federal government announced that no additional public money will be spent on the project and Trans Mountain Corporation would secure the funding necessary to complete the project with third-party financing.
  42. Canada continues to condemn Russia’s brutal and illegal invasion of Ukraine in the strongest possible terms. Canada will continue to support Ukraine’s economic resilience and stand in solidarity with the people of Ukraine, who are fighting for their lives, their sovereignty, and for democracy.
  43. Appearance before the Standing Committee on Finance for Pre-study of Bill C-19, the Budget Implementation Act
  44. I’d like to first say that like so many Canadian women, I was both shocked and deeply worried by the news from the United States last night about abortion rights.
  45. Today, the Department of Finance released draft legislative proposals that would address hybrid mismatch arrangements, which are used primarily by multinational enterprises to avoid paying their fair share of tax, as committed to in Budget 2021.
  46. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introduced Bill C-19, An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures.
  47. When I tabled the Budget last week, one of the things I emphasized was that the green transition is here. The world economy, our trading partners, have decided that their economies are going green and this is a huge transformation. It is the biggest transformation of the global economy since the Industrial Revolution itself. We have a unique opportunity in Canada—and in Alberta—to be leaders in that green transition. I’ve seen the evidence in the past hour here today.
  48. Let me be very clear: Russia is committing war crimes right now, even as we are sitting here in our embassy in Washington. In addition to causing widespread destruction and death, Putin’s war is having a profound impact on the global economy.
  49. This week, the Government of Canada issued a three-year US$3.5 billion global bond.
  50. In response to Russia’s invasion, Canada has joined its partners and allies in imposing the strongest sanctions ever inflicted on a major economy, while also directly sanctioning President Putin and over 900 other Russian individuals and entities. Canada has also provided immediate support to Ukraine and its people, and has offered two bilateral sovereign loans to Ukraine, worth up to CA$620 million. Canada will continue to do more in the weeks and months to come.