Department of Finance Canada

  1. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, met virtually with chief economists from major Canadian financial institutions to discuss their outlook on the Canadian economy and hear their views on Canada’s economic recovery.
  2. When the COVID-19 crisis hit, our government rapidly rolled out an historic set of broad-based programs so that we could save lives, ensure our economy could withstand public health restrictions, and have the backs of Canadian workers and Canadian businesses so they could get through the pandemic.
  3. Types of Business Eligible for the Tourism and Hospitality Recovery Program
  4. With one of the most successful vaccination campaigns in the world, restrictions are carefully being eased in our communities and at our border. Businesses across the country are safely reopening, the economy is rebounding, over a million jobs have been created, and employment is back to pre-pandemic levels. That’s why, last month, the government announced it is pivoting from broad-based economic support to targeted measures that provide support where it is needed, in order to create jobs and growth and prudently manage government spending.
  5. Today, the International Financial Reporting Standards (IFRS) Foundation announced that it has selected Montréal, Quebec, to be home to offices of the new International Sustainability Standards Board (ISSB).
  6. In the coming days, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will travel to Rome to attend the G20 Joint Finance and Health Ministers’ Meeting and support the Prime Minister at the G20 Leaders Summit. The Deputy Prime Minister will then travel to the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) in Glasgow, United Kingdom.
  7. When the COVID-19 crisis hit, our government rapidly rolled out a number of broad-based programs to respond to our country’s greatest economic shock since the Great Depression. The objective was straightforward: to prevent, insofar as possible, economic scarring and help workers and employers get through the pandemic and the restrictions it provoked. These programs have been a lifeline for workers and businesses across the country. They have protected millions of jobs, and helped hundreds of thousands of Canadian businesses keep going through the worst days of the pandemic.
  8. With one of the most successful vaccination campaigns in the world, many businesses safely reopening, and employment now back to pre-pandemic levels, Canadians have reached a turning point in the fight against COVID-19. The government has now surpassed its target of creating a million new jobs. Canada is on the road to economic recovery—but some areas of the country and economy continue to need targeted support.
  9. Canada is on the road to economic recovery and employment is now back to pre-pandemic levels. This is thanks to the resilience of employers and hard work of Canadians.
  10. The wage subsidy, rent subsidy and Lockdown Support are set to expire on October 23, 2021. The passage of the budget implementation act provided the government with the authority to further extend these programs until November 20, 2021.
  11. This week the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, successfully concluded a trip to Washington, D.C., where she attended the Annual Meetings of the World Bank Group and the International Monetary Fund and the G7 and G20 Finance Ministers’ and Central Banks Governors’ Meetings, as well as meetings of the International Monetary and Financial Committee.
  12. Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, held a bilateral meeting in Washington, D.C., with the United States Secretary of the Treasury, Janet Yellen.
  13. This week, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), in Washington, D.C.
  14. Today, the Organisation for Economic Co-operation and Development (OECD) announced that 136 countries, including Canada, have agreed on the elements of the landmark two-pillar plan on international tax reform. The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement:
  15. Hello everyone and thank you, Ahmed, for that kind introduction and for all your hard work.
  16. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development, and the Honourable Dustin Duncan, Saskatchewan Minister of Education, announced an agreement that will support an average of $10 a day early learning and child care for Saskatchewan families by the end of 2025-26. By the end of 2022, Saskatchewan families will see a 50 per cent reduction in average parent fees for children under age six in regulated child care.
  17. Today, through the Department of Finance, the Government of Canada is launching consultations with stakeholders on the design of the proposed Luxury Tax.
  18. Remarks by the Deputy Prime Minister and Minister of Finance to highlight the Early Learning and Child Care Agreement with British Columbia
  19. Remarks by the Deputy Prime Minister and Minister of Finance to Announce the Early Learning and Child Care Agreement with Yukon
  20. Minister Fortier meets with Mayor Helps of Victoria
  21. Remarks by the Deputy Prime Minister and Minister of Finance on the green economy and extension of COVID-19 benefits and business support measures to support stronger economic recovery
  22. Today, the government launched public consultations on potential legislative and regulatory amendments aimed at strengthening Canada’s trade remedy system, and on measures to improve access to that system for workers and small and medium-sized enterprises (SMEs).
  23. The Government of Canada, through the Department of Finance, is launching consultations with stakeholders on potentially increasing the disbursement quota and updating the tools at the Canada Revenue Agency’s disposal to enforce the disbursement quota rules, beginning in 2022.
  24. Today, the Government of Canada, through the Department of Finance, is launching consultations with stakeholders on the design of this proposed new tax.
  25. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke with His Worship Berry Vrbanovic, the Mayor of Kitchener.
  26. Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland launched consultations on border carbon adjustments, in cooperation with the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson. To provide context, the government is also releasing today a paper that outlines foundational information and key considerations relating to border carbon adjustments.
  27. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointments of Dean A. Connor and Barry Perry as Directors to the Board of Canada Pension Plan Investments (CPP Investments) for three-year terms.
  28. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointments of Dean A. Connor and Barry Perry as Directors to the Board of Canada Pension Plan Investments (CPP Investments) for three-year terms.
  29. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Leah Anderson as the interim President and Chief Executive Officer of the Canada Deposit Insurance Corporation (CDIC).
  30. Born in Sherbrooke, Quebec, Leah Anderson holds a Master of Arts in Economics from Queen’s University.
  31. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with Her Worship Rebecca Alty, the Mayor of Yellowknife. Minister Fortier and Mayor Alty discussed Canada’s draft Quality of Life Framework that was introduced in Budget 2021 to integrate quality of life considerations into decision-making.
  32. Today, the Department of Finance Canada is launching consultations with the aim of lowering the cost of doing business by reducing credit card transaction fees. These savings will allow small and medium-sized businesses recovering from the COVID-19 pandemic to direct financial resources toward growth and job creation.
  33. The global economy is undergoing a rapid digital transformation - and the Canadian economy and financial sector are following suit.
  34. Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, announced the extension of crucial COVID-19 support measures for Canadians and Canadian businesses in recognition that uneven economic reopening across regions and sectors means workers and businesses continue to need support.
  35. The Government of Canada is proposing to extend these measures until October 23, 2021, and increase the wage and rent subsidy rates between August 29 and September 25, 2021.
  36. On July 23, 2021, the Deputy Prime Minister and Minister of Finance sent the letter linked below, on behalf of the Government of Canada and a coalition of over 55 Canadian public and private institutions, to the Chair of the Board of Trustees of the IFRS Foundation. The letter expresses support for the proposed International Sustainability Standards Board (ISSB) and invites the Board of Trustees to locate the ISSB headquarters in Canada.
  37. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, was at the Burnaby Child Care Centre to meet with children, parents and early learning and child care educators.
  38. On Friday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with Her Worship Bonnie Crombie, the Mayor of Mississauga and city officials.