Money & Finances

  1. Financial abuse is a common form of elder abuse in Canada, but it can be hard to recognize and often goes unreported.
  2. Today, the Department of Finance is launching consultations with stakeholders on the recent federal budget’s proposal to introduce a new investment tax credit for capital invested in carbon capture, utilization, and storage (CCUS) projects. Canadian innovators and engineers have developed some of the leading global technologies for CCUS, which are in demand as more countries take action to fight climate change. Investing in these technologies today is a significant step towards achieving Canada’s climate targets—and a greener, more resilient future for all Canadians.
  3. Today, I am providing further detail about the Canada Recovery Hiring Program. This will be key to helping small and medium-sized businesses across Canada bounce back from the uncertainty and turmoil of the past 15 months.
  4. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, concluded her in-person participation at the two-day G7 Finance Ministers’ Meeting in London, United Kingdom.
  5. For businesses that have been hit hardest by the pandemic, hiring the workers they need to grow is a cost they may worry about taking on. The federal government wants these businesses to be able to recover and grow by hiring more people.
  6. In the face of the COVID-19 pandemic, the government acted swiftly to protect Canadians and support people and businesses. To help ensure a strong recovery, it has adapted and extended this support as the pandemic has evolved.
  7. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, met with the Federation of Canadian Municipalities’ Big City Mayors’ Caucus for a virtual roundtable on housing affordability.
  8. This week, on June 4 and 5, 2021, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will take part in the in-person-only meeting of G7 Finance Ministers being held in London, UK.
  9. Today the government is launching consultations with industry stakeholders on its intention to maintain the current alignment between the taxation of profits and the timing of income earning activities.
  10. Accounting standards specify how transactions are recognized, measured, presented and disclosed in financial statements. While these standards are set by national accounting bodies, many countries, including Canada, follow the standards set by an independent international body, the International Accounting Standards Board (IASB).
  11. Thank you Mr. Chair, and thank you, honourable Senators who are here today, for this invitation to speak with you about Bill C-30.
  12. Since the start of the COVID crisis, we have done whatever it takes to protect Canadians’ lives and livelihoods; to help our businesses weather the storm; and to position Canada for a strong, resilient, and sustained recovery.
  13. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced a one-year extension of draft regulations, initially released on July 2, 2020, to help employers who sponsor a registered pension plan (RPP) or deferred salary leave plan (DSLP) manage and maintain benefits for their employees through the COVID-19 pandemic.
  14. On May 20, 2021, the Deputy Prime Minister and Minister of Finance announced the extension of proposed amendments to the Income Tax Regulations initially released on July 2, 2020 that apply to Registered Pension Plans (RPPs) and deferred salary leave plans (DSLPs).
  15. Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced that, effective June 1, 2021, it will implement a new minimum qualifying rate for all uninsured mortgages.
  16. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, met virtually with chief economists from major Canadian financial institutions to listen to their views on the state of the Canadian and global economies and their expectations for the months and years ahead.
  17. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, met virtually with provincial and territorial Finance Ministers. This was the fourteenth call chaired by the Deputy Prime Minister.
  18. In Canada, diversity is our strength. That’s why the Government of Canada is building on progress under its Anti-Racism Strategy by demonstrating federal leadership, empowering Black communities, and building awareness and changing attitudes.
  19. Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, launched the Sustainable Finance Action Council.
  20. Yesterday, the Government of Canada issued a 5-year US$3.5 billion global bond.
  21. Today, the Government of Canada announced its plan to issue a US-dollar-denominated global bond later this week, subject to market conditions.
  22. Today, Bill C-14, An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures received Royal Assent, providing support to Canadian families with young children, young people and recent grads, and businesses hit hardest by the pandemic.
  23. Mr. Speaker, it is my sincere pleasure to join this debate on Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures.
  24. Through Budget 2021, the government is proposing a historic, new investment of over $18 billion to improve the quality of life and create new opportunities for Indigenous peoples.
  25. Today, I would like to reiterate some of the key pillars of Budget 2021, and some ways in which Bill C-30 will give concrete help to people in what is still, for far too many Canadians, a time of worry and hardship.
  26. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her cross-country virtual Budget 2021 tour in Mississauga. She delivered a keynote speech at the Mississauga Board of Trade, met with members of the Canadian Small Business Women Network, and hosted a 905 Youth Council town hall.
  27. Today, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, introduced Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021, and other measures. This legislation will enact the government’s plan to finish the fight against COVID-19, create jobs, grow the economy, and ensure a robust economic recovery that brings all Canadians along.
  28. Today, the Honourable Jean-Yves Duclos, President of the Treasury Board, met with startups from the Québec City region that have benefited from the services of the Camp de Québec International and of Entrepreneuriat Laval to discuss investments that support economic growth from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
  29. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her cross-country virtual Budget 2021 tour by meeting with members of the Cape Breton business community.
  30. This afternoon, the Honourable Jean-Yves Duclos, President of the Treasury Board of Canada, met with members from the rom the Jeune Chambre de commerce de Québec to discuss investments for small enterprises from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
  31. Throughout the pandemic many small businesses have been shut down by necessary public health restrictions or deeply limited in what they can do. We need them to get back on their feet. They are the backbone of our economy, our main streets, and our communities.
  32. The Government of Canada is providing support where COVID has struck hardest – to women, to young people, to low-wage workers, and to small and medium-sized businesses, especially in the tourism and hospitality industry. Budget 2021 is a plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians.
  33. The Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, will take part in a virtual event hosted by the Mississauga Board of Trade. The Minister will deliver a speech on Budget 2021 and the Government’s recovery plan for jobs, growth and resilience.
  34. The President of the Treasury Board, the Honourable Jean-Yves Duclos, will meet with community stakeholders to discuss investments to support small enterprises from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
  35. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her cross-country virtual Budget 2021 tour by meeting with members of the Corporation des parcs industriels du Québec. She was joined by the President of the Treasury Board, the Honorable Jean-Yves Duclos.
  36. Today, Minister of Digital Government, the Honourable Joyce Murray, met with post-secondary students from Memorial University of Newfoundland and was joined by Gudie Hutchings, Member of Parliament for Long Range Mountains, to discuss youth recovery investments from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
  37. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her tour to discuss Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience by meeting virtually with members of the Chambre de commerce et d'industrie de la Rive-Sud de Montréal.
  38. The Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, will take part in a virtual event hosted by the Quebec Industrial Parks Corporation.
  39. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her tour to discuss Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience by speaking virtually with members of the Greater Niagara Chamber of Commerce.
  40. The Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, will take part in a virtual event hosted by the Chamber of Commerce and Industry of the South Shore of Montreal. The Minister will deliver a speech on Budget 2021 and the Government’s recovery plan for jobs, growth and resilience.
  41. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her cross-country virtual Budget 2021 tour by meeting with members of the Richmond, British Columbia community.
  42. The Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, will take part in a virtual event hosted by the Richmond Chamber of Commerce.
  43. Today, Earth Day, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, continued her tour to discuss Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience at the Pearson Centre for Progressive Policy.
  44. Opening remarks on Budget 2021 by the Deputy Prime Minister at a press conference with the Prime Minister
  45. Today, the Government of Canada highlighted how Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, is a plan to finish the fight against COVID-19, create jobs, and ensure a robust economic recovery that brings all Canadians along.
  46. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, will take part in a virtual Q&A session with the Regroupement des chambres de commerce de la Mauricie on investments announced in Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
  47. On behalf of the Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation, the Honourable Ahmed Hussen, the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Bernadette Jordan, along with the Member of Parliament for Dartmouth—Cole Harbour, Darren Fisher, will meet with representatives from Efficiency Nova Scotia to highlight investments in Budget 2021 that create jobs and promote a green recovery.
  48. Today, Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, began her tour to discuss Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience by meeting virtually with members of the Windsor-Essex Regional Chamber of Commerce.
  49. In the face of the COVID-19 pandemic, the government acted swiftly to provide support to protect Canadians and support people and businesses, adapting its response as the pandemic evolved. The government’s broad suite of support measures has helped families, protected jobs, and supported businesses across Canada. More than eight of every ten dollars spent to fight COVID-19 and support Canadians continues to come from the federal government.
  50. A long-term plan for a faster-growing Canadian economy must include housing that is affordable for working Canadians, especially young families. Stable housing is critical for communities and for a strong middle class.