Department of Finance Canada

  1. Hello everyone and thank you, Ahmed, for that kind introduction and for all your hard work.
  2. 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.
  3. Today, through the Department of Finance, the Government of Canada is launching consultations with stakeholders on the design of the proposed Luxury Tax.
  4. Remarks by the Deputy Prime Minister and Minister of Finance to highlight the Early Learning and Child Care Agreement with British Columbia
  5. Remarks by the Deputy Prime Minister and Minister of Finance to Announce the Early Learning and Child Care Agreement with Yukon
  6. Minister Fortier meets with Mayor Helps of Victoria
  7. 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
  8. 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).
  9. 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.
  10. Today, the Government of Canada, through the Department of Finance, is launching consultations with stakeholders on the design of this proposed new tax.
  11. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke with His Worship Berry Vrbanovic, the Mayor of Kitchener.
  12. 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.
  13. 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.
  14. 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.
  15. 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).
  16. Born in Sherbrooke, Quebec, Leah Anderson holds a Master of Arts in Economics from Queen’s University.
  17. 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.
  18. 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.
  19. The global economy is undergoing a rapid digital transformation - and the Canadian economy and financial sector are following suit.
  20. 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.
  21. 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.
  22. 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.
  23. 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.
  24. 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.
  25. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development, the Honourable Sandy Silver, Yukon Premier, and the Honourable Jeanie McLean, Yukon Minister of Education, announced an agreement that significantly improves early learning and child care for children in Yukon. Through the agreement, the governments of Canada and Yukon will work together to rapidly expand access to quality, affordable, flexible, and inclusive early learning and child care programs and services.
  26. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with His Worship Mike Savage, the Mayor of Halifax.
  27. The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, was in Fredericton to highlight how Atlantic Canada will benefit from the Government of Canada’s Jobs and Growth Fund.
  28. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with His Worship Naheed Nenshi, the Mayor of the City of Calgary.
  29. The Honourable Chrystia Freeland, Deputy Prime Minister and Federal Minister of Finance, was in Charlottetown, Prince Edward Island, to highlight the Government of Canada’s recently launched $500-million Tourism Relief Fund.
  30. Today, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with Brian Bowman. , the Mayor of Winnipeg.
  31. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with His Worship Mayor Dilkens, Mayor of Windsor.
  32. Today, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier met with His Worship Kenny Bell, Mayor of Iqaluit.
  33. Today, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke virtually with Her Worship Sandra Masters, the Mayor of Regina.
  34. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, affirmed that Bill C-208 has been passed by Parliament, received Royal Assent, and has become a part of Canada’s Income Tax Act. The changes contained in this legislation now apply in law. This news release seeks to bring clarity to the government’s intentions going forward and replaces the June 30th news release on this subject.
  35. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the payment of $5 billion to the provinces and territories, distributed equally per capita, to further support vaccination campaigns and ensure our health care systems remain resilient and responsive to Canadians’ needs.
  36. As first announced on March 25, 2021, the Government of Canada is providing an emergency top-up of $5 billion for provinces and territories – specifically $4 billion through the Canada Health Transfer to help provinces and territories address immediate health care system pressures and $1 billion to support vaccine rollout campaigns across the country.
  37. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, held a virtual roundtable with housing stakeholders and experts from Quebec.
  38. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Carolyn Rogers as the new Senior Deputy Governor of the Bank of Canada. Ms. Rogers will begin her seven-year term on December 15, 2021. Ms. Rogers is currently the Secretary General of the international Basel Committee on Banking Supervision, which is comprised of 45 central banks and bank supervisors from 28 jurisdictions. Ms. Rogers also previously served as Assistant Superintendent, Regulation Sector, at Canada’s Office of the Superintendent of Financial Institutions.
  39. Born in Winnipeg, Manitoba, Carolyn Rogers is a Chartered Professional Accountant, and holds a Bachelor of Arts from Brandon University, a Master of Business Administration (MBA) from Queen’s University.
  40. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, concluded her participation at the two-day G20 Finance Ministers and Central Bank Governors’ Meeting in Venice, Italy.
  41. This week, on July 9 and 10, 2021, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will attend the G20 Finance Ministers and Central Bank Governors Meeting, hosted in Venice, Italy.
  42. Bill C-30, the legislation that enacts many important measures in our recent budget, was adopted by the Senate and received Royal Assent.
  43. Following the announcement yesterday that 130 countries co-signed a new two-pillar plan on international tax reform, including Canada, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance.
  44. Canada and the U.S. share many priorities for the post-pandemic recovery, including support for workers and businesses, and ensuring the recovery is inclusive and equitable.
  45. Private Member’s Bill C-208 has passed in both Houses of Parliament and received Royal Assent. Bill C-208 makes amendments to the Income Tax Act but does not include an application date.
  46. Last night, Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures received Royal Assent. The passage of Bill C-30 enacts the government’s budget plan to finish the fight against COVID-19, create jobs and growth, and ensure a robust economic recovery that brings all Canadians along.
  47. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the Canada Workers Benefit will now be available to about one million more Canadians and help lift nearly 100,000 people out of poverty.
  48. Yesterday, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, participated in the virtual Asia-Pacific Economic Cooperation (APEC) Informal Finance Ministers’ Meeting with the APEC Business Advisory Council (ABAC).
  49. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Peter Routledge as the next Superintendent of Financial Institutions effective June 29, 2021 for a seven-year term. Mr. Routledge will succeed Jeremy Rudin, who announced, last December, that he would retire from the public service once he concludes his seven-year term.
  50. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Peter Routledge as the next Superintendent of Financial Institutions effective June 29, 2021 for a seven-year term. Mr. Routledge will succeed Jeremy Rudin, who announced, last December, that he would retire from the public service once he concludes his seven-year term.