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Once passed, Bill C-56 will allow for the removal of the GST on the construction of new apartment buildings so that more rental housing gets built, faster.
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Senior officials from the Government of Canada will hold a bilingual technical briefing on the Canada Mortgage Bonds annual limit increase from $40 billion to up to $60 billion, as announced yesterday by the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance. This change is the next step in the government’s plan to build more homes, faster, and will unlock low-cost financing for multi-unit rental construction.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the annual limit for Canada Mortgage Bonds is being increased from $40 billion to up to $60 billion. This change is the next step in the government’s plan to build more homes, faster, and will unlock low-cost financing for multi-unit rental construction. This new measure will help to build up to 30,000 more rental apartments per year.
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At a time when labour shortages are constraining industrialized economies around the world—and at a time when labour shortages are also contributing to inflation around the world—supply side solutions like affordable early learning and child care are more important than ever.
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That is why it was so important for me this morning to introduce—as our government’s first piece of legislation for this fall—the Affordable Housing and Groceries Act.
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Yesterday in New York City, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, met with the United States Secretary of the Treasury, Janet Yellen.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introduced Bill C-56, the Affordable Housing and Groceries Act, the first piece of government legislation introduced in the fall parliamentary sitting.
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Senior officials from the Government of Canada will hold a bilingual technical briefing, on Bill C-56, the Affordable Housing and Groceries Act, the first piece of government legislation introduced in the fall parliamentary sitting.
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Senior officials from the Government of Canada will hold a bilingual technical briefing on proposed legislation focused on affordability measures.
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On September 14, 2023, the Prime Minister announced that the government will introduce legislation to enhance the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing, to incentivize construction of much-needed rental homes for Canadians.
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On September 14, 2023, the Prime Minister announced extended deadlines for Canada Emergency Business Account (CEBA) loan repayments, providing an additional year for term loan repayment, and additional flexibilities for loan holders looking to benefit from partial loan forgiveness of up to 33 per cent.
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As we begin a new school year, I’d like to take a moment to thank all the child care workers and educators across Canada who work so hard to give our kids the best possible start in life.
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The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement regarding the Bank of Canada’s decision to maintain its overnight rate target
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When our government first announced our plan to make high quality, affordable child care a reality across Canada, it was welcomed by a lot of people — but to be honest there was also a lot of skepticism.And that skepticism was justifiable, because Canadian politicians had been making promises — for nearly five decades — to establish a national system of early learning and child care.
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What we are saying with these tax credits, and what we are saying to businesses and investors is: if you want to take advantage of the maximum benefit of these generous credits, you need to pay your employees the prevailing union wage. You need to create apprenticeship opportunities.
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I really appreciated learning about the work you are doing to produce the lowest emission natural gas in the world. We talked a bit about how some of the natural gas produced here is helping our allies in Europe and given the Russian invasion of Ukraine, that is really meaningful for me. I know that gives a lot of meaning to you and the work you are doing.
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The government’s new tax-free First Home Savings Account is now available and will help put homeownership back within reach for Canadians across the country.
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The Government of Canada is today moving forward with consultations to advance key budget priorities to grow the clean economy and ensure tax fairness for Canadians and Canadian businesses.
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Thank you very much for the warm welcome, Andrea. And thank you for the great round table and the great conversation that we had.
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Starting tomorrow, millions of low- and modest-income Canadian workers will receive their first automatic advance payments of the newly enhanced Canada Workers Benefit, announced the Deputy Prime Minister and Minister of Finance, Chrystia Freeland.
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Inflation in Canada is today lower than in every single other G7 country. It’s lower than in the U.S. at 3 per cent, lower than France at 4.5 per cent, lower than Germany at 6.4 per cent, lower than Italy at 6.4 per cent, lower than the United Kingdom at 8.7 per cent. It is even lower than Japan at 3.2 per cent.
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Thank you very much, and I first want to acknowledge that we are gathered on the traditional lands of the Treaty 4 territory.
I am so glad to be here at Belle Plaine with some of the really incredible workers from Mosaic.
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Next week, from July 16 to 18, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend meetings of the G7 and G20 Finance Ministers and Central Bank Governors in Gandhinagar, India.
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The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement regarding ongoing negotiations by the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework for a two-pillar plan on international tax reform
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Affordability Press Conference in Manitoba
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Affordability Press Conference in Vancouver
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Yesterday in Vancouver, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, met with the Premier of British Columbia, David Eby. This meeting reaffirmed the close partnership between the governments of Canada and British Columbia.
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Today in Vancouver, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, highlighted how the new Early Learning and Child Care Infrastructure Fund, first announced by the Prime Minister on June 28, 2023, will help public and not-for-profit child care providers deliver affordable child care for families by funding the cost of building more child care spaces.
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I want to begin by highlighting a few important points about where the Canadian economy is today—and about what it means for Canadians.
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Today, the Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, the Honourable Doug Ford, Premier of Ontario, and the Honourable Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, issued the following joint statement:
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Today, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance announced that 11 million low- and modest-income Canadians and families will begin receiving their new, one-time Grocery Rebate.
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Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, announced that 11 million low- and modest-income Canadians and families will begin receiving their new, one-time Grocery Rebate today.
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Deputy Prime Minister in Quebec City on growing the clean economy
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Inflation in Canada fell to 3.4 per cent in May—that is down from 4.4 per cent in April, and from a high of 8.1 per cent last June.
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The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today confirmed that the Government of Canada has delivered to provinces and territories an additional $2 billion Canada Health Transfer top-up.
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The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, met today in Québec City with Québec’s Minister of Finance, Eric Girard. The meeting reaffirmed the strong spirit of collaboration shared by the governments of Canada and Québec.
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Yesterday in Toronto, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, held a productive bilateral meeting with the Minister of Finance of Chile, Mario Marcel.
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Today, Bill C-47, the Budget Implementation Act, 2023, received Royal Assent.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Tashia Batstone and Helen R. del Val, each for a four-year term, and the reappointment of J. Martin Castonguay for a three-year term, to the Board of Directors of the Canada Deposit Insurance Corporation (CDIC).
The Deputy Prime Minister also announced the reappointment of Anne Whelan and Greg Stewart to the Board of the Bank of Canada, and the reappointment of Jennifer Reynolds and Robert Wener to the Board of Canada Development Investment Corporation (CDEV), all for three-year terms.
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Mr. Greg Stewart was initially appointed to the Bank of Canada’s Board of Directors in October 2014.
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Mr. Robert Wener was first appointed to the Canada Development Investment Corporation (CDEV) Board of Directors in August 2019. He is currently the CEO of Wener Advisory Group.
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Ms. Jennifer Reynolds was first appointed to the Board of the Canada Development Investment Corporation (CDEV) in June 2015.
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Mr. J. Martin Castonguay was first appointed to the Board of the Canada Deposit Insurance Corporation (CDIC) in May 2019.
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Ms. Tashia Batstone is a dedicated public servant who has held senior executive positions in the financial services sector. In May 2021, she was appointed President and CEO of FP Canada, the leading certification and oversight body for the financial planning profession in Canada.
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Ms. Helen R. del Val has been a member of the Audit Committee of the Office of the Superintendent of Financial Institutions (OSFI) since 2017.
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Ms. Anne Whelan was first appointed to the Bank of Canada’s Board of Directors in June 2018.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the International Monetary Fund (IMF)’s Staff Concluding Statement of the 2023 Article IV Mission, which highlighted Canada’s resilient economy, stable fiscal outlook, clean economy plan, and actions to improve housing affordability.
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The Government of Canada will immediately halt all government-led activity at the Bank, and I have instructed the Department of Finance to lead an immediate review of the allegations raised and of Canada’s involvement in the AIIB.
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The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, today announced that Canada will extend the Ukraine Goods Remission Order until June 9, 2024. This will ensure the continued tariff-free import of Ukrainian goods to Canada, including steel and in-quota supply-managed goods.
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Canada experienced the strongest economic growth among G7 countries in 2022. Our real GDP grew by 3.1 per cent in the first quarter of this year, which was the highest in the G7, and Canada has both the lowest deficit-to-GDP ratio and the lowest net debt-to-GDP ratio in the G7.
