Department of Finance Canada

  1. Remarks by the Deputy Prime Minister on delivering stronger public health care to lift up every generation
  2. Remarks by the Deputy Prime Minister about the Canadian Dental Care Plan
  3. This week, from May 23 to 25, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the meeting of G7 Finance Ministers and Central Bank Governors hosted by Italy.
  4. Remarks by the Deputy Prime Minister on combatting auto theft
  5. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance; the Honourable Mark Holland, Minister of Health; and the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, highlighted the federal government’s action to strengthen public health care and ensure Canada’s social safety net lifts up every generation.
  6. The Deputy Prime Minister will provide an update on the government’s economic plan. She will be joined by the Minister of Health, Mark Holland, and the Minister of Employment, Workforce Development and Official Languages, Randy Boissonnault.
  7. Canada and the United States are pleased to announce the renewal of the bilateral Canada-U.S. Energy Transformation Task Force (ETTF) for an additional year.
  8. Our budget is about ensuring fairness for every generation—especially younger Canadians. That’s why an important part of our plan is about helping young parents across Canada by improving access to affordable, high-quality early learning and child care.
  9. Remarks by the Deputy Prime Minister at the Standing Committee on Finance to discuss the Budget Implementation Act, 2024, No. 1.
  10. Today, child care fees are down by at least 50 per cent across Canada. In eight provinces and territories, child care costs just $10-a-day. This year, families in Ontario are saving up to $8,500—per child.
  11. Budget 2024: More $10-a-day child care spaces in Nova Scotia
  12. Our investment tax credits are already working to give businesses the certainty and the support they need to make historic investments in Canada that create great jobs while reducing our emissions at the same time.
  13. Remarks by the Deputy Prime Minister on delivering up to $450 more for Volunteer Firefighters and Search and Rescue
  14. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted how Budget 2024: Fairness for Every Generation takes action to protect Canadians, the economy, and our environment from the increasing effects of climate change.
  15. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted how Budget 2024: Fairness for Every Generation is taking further action to protect our environment today and for the next generation.
  16. It’s why, in the budget, we are really focused on three things. First, housing—the Prime Minister outlined the key housing policies. Second, affordability, with programs like the dental care plan and ongoing investments in our early learning and child care system, and the absolutely crucial investments for the Canadian economy.
  17. The Deputy Prime Minister will provide an update on the government’s economic plan. She will be joined by the President of the King’s Privy Council for Canada and Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada, Harjit Sajjan, the Minister of Energy and Natural Resources, Jonathan Wilkinson, and the Minister of Environment and Climate Change, Steven Guilbeault.
  18. We, the G7 Finance Ministers and Central Bank Governors, met on 17 April 2024 in Washington, DC, on the margin of the International Monetary Fund and World Bank Group Spring Meetings. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. We were also joined by the Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Financial Stability Board.
  19. Good afternoon. I will first speak about the Budget Implementation Act, which will be introduced this week in the House of Commons.
  20. Our budget is a plan to build more affordable homes; grow our economy in a way that will create good-paying jobs for Canadians and keep Canada at the economic forefront; and strengthen Canada’s social safety net to help make life cost less.
  21. We’re acting now—and acting with purpose—because the cost of inaction today would be borne chiefly by younger Canadians. We would be leaving them behind. And we will not do that. Instead, we will help them realize the promise of Canada with a responsible plan that creates new career opportunities and grows the economy for every generation.
  22. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the Notice of Ways and Means Motion to introduce the Budget Implementation Act, 2024, No. 1. This legislation will advance many of the government’s key priorities in Budget 2024: Fairness for Every Generation.
  23. The Deputy Prime Minister will provide an update on the government’s economic plan.
  24. Canada has everything it takes to be a global leader in the full electric vehicle supply chain. We have the raw materials, like aluminum, lithium, steel, and nickel. We have a strong manufacturing base. And most important of all, we have the talented, committed, skilled people who know how to mine those materials, then they know how to transform them into fantastic products, including the amazing cars we see here.
  25. Remarks by the Deputy Prime Minister on empowering young entrepreneurs
  26. On April 23, 2024, the Government of Canada launched a five-year US dollar global bond.
  27. We’re working hard to make life more affordable, with absolutely essential things like dental care, like making diabetes medicine, like making contraceptives free for Canadians. That’s going to make life more affordable for so many people.
  28. We’re acting now—and acting with purpose—because the cost of inaction today would be borne chiefly by younger Canadians. We would be leaving them behind. And we cannot—we simply will not—do that. Instead, we will help them realize the promise of Canada with a responsible plan that creates new career opportunities and grows the economy for every generation.
  29. The Indigenous Loan Guarantee Program is a very important step for Indigenous self-determination and in Canada’s path of reconciliation with Indigenous Peoples. And, as Finance Minister, I also know this is an important step for Canada’s economic growth and prosperity.
  30. Today, too many young Canadians feel as though the deck is stacked against them. They can get a good job, they can work hard, but far too often, the reward of a middle class life, a life that is secure, comfortable, prosperous, remains out of reach.
  31. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Rechie Valdez, Minister of Small Business, highlighted Budget 2024: Fairness for Every Generation, the government’s plan to drive economic growth in a way that is shared by all. It is a plan to build a Canada that works better for every generation, where younger generations can get ahead, where their hard work pays off, and where they can buy or rent their own home—where everyone has a fair chance at a good middle class life.
  32. In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.
  33. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Rechie Valdez, Minister of Small Business, highlighted Budget 2024: Fairness for Every Generation, the government’s plan to drive economic growth in a way that is shared by all. Budget 2024 is a plan to build a Canada that works better for every generation, where younger generations can get ahead, where their hard work pays off, and where they can buy or rent their own home—where everyone has a fair chance at a good middle class life.
  34. To start and scale-up a business, entrepreneurs need access to capital. In the early growth stages, accessing the necessary capital to make investments in their workforce, cutting-edge technologies, and new offices, labs, or manufacturing facilities can be difficult. While some entrepreneurs rely on venture capital or loans, the government recognizes funding is not available to all entrepreneurs, and even when available, may not be sufficient.
  35. Remarks by the Deputy Prime Minister on driving economic growth for workers
  36. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted Budget 2024: Fairness for Every Generation, the government’s plan to drive economic growth in a way that is shared by all.
  37. In Budget 2024, the government is helping to restore fairness for every generation by unlocking access to post-secondary education; investing in the skills of tomorrow; and creating new opportunities for younger Canadians to get the skills they need to get good jobs.
  38. The government’s economic plan is investing in the technologies, incentives, and supports critical for increasing productivity, boosting innovation, and attracting more private investment to Canada.
  39. We are driving the kind of economic growth that will ensure every generation of Canadians can reach their full potential.
  40. Budget 2024 lays out a bold strategy to unlock 3.87 million new homes by 2031. This includes a minimum of 2 million net new homes, on top of 1.87 million homes already expected to be built by 2031. Federal actions will support at least 1.2 million new homes, and the federal government is calling on all orders of government to build at least 800,000 more homes by 2031. The federal government’s plan provides incentives for all orders of government, as well as for private and non-profit sector partners, and will build more homes, make it easier to own or rent a home, and help Canadians who can’t afford a home, too.
  41. Budget 2024 takes action to protect our environment and strengthen our communities, making them safer and healthier places to live, work, and raise a family.
  42. Budget 2024 takes action to ensure Canada’s social safety net works for every generation, especially for Millennials and Gen Z.
  43. Key Measures in Budget 2024: Fairness for Every Generation
  44. A fair Canada is one where the government continues making meaningful progress in the journey of reconciliation by working in partnership with Indigenous Peoples. The federal government continues to prioritize its responsibility to help ensure First Nations, Inuit, and Métis communities have what they need to grow and succeed on their own terms. Budget 2024 invests in the next steps on the path of reconciliation.
  45. Canada is one of the wealthiest countries in the world. For generations, this has meant Canada is a place where everyone could secure a better future for themselves and their children. This is in no small part is due to our commitment to progressive taxation. In order to build a fair economy, everyone needs to pay their fair share. To restore fairness for every generation the government is investing in housing; in building the clean, innovative economy of the future; in child care, health care, dental care, and pharma care; in Canada’s security, and Canada’s future. The government is doing this so that young people can have the same opportunities as previous generations. Canada’s future success depends on their success. It is only fair that these important investments are funded by those who have benefited the most from all the opportunity that Canada has to offer.
  46. Small- and medium-sized businesses are an integral engine of Canada’s economy, and they employ about 64 per cent of Canadian workers. Entrepreneurs, local small business, start-ups, growing medium-sized businesses—everywhere in Canada, there are people with good ideas, ready to grow their businesses and create good jobs.
  47. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Budget 2024: Fairness for Every Generation.
  48. It’s wonderful to be here today in Vaughan with the Prime Minister, with Minister Fraser, and with so many of our caucus and cabinet colleagues.
  49. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that, as part of Budget 2024, the federal government will make it easier for Canadian homeowners to increase the number of units in their homes.
  50. Our focus today is unlocking the door to the middle class for millions of younger Canadians. In all we do, we dedicate ourselves to making a better life within reach for our younger generations. Because it is what you deserve. And it is what your parents and grandparents want for you, too.