Money & Finances

  1. 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.
  2. 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.
  3. The worst economic impacts of the pandemic have been suffered by those who could least afford it. Low-wage workers have been up to six times more likely to suffer layoffs than wealthy Canadians.
  4. The impact of COVID-19 on workers and businesses in tourism, arts, and culture has been severe. With the rollout of vaccines underway, businesses in the tourism, arts, and culture sectors are getting ready to welcome Canadians back to experience the great places and activities this country has to offer—when it is safe to do so. Canadians are also eager to return to the local festivals and places they know and love.
  5. COVID-19 has affected all Canadians, but women have been disproportionately affected. In the labour market, women were hit earlier and harder, and their jobs continue to recover more slowly. Long-standing gender inequities have only been amplified over the course of the pandemic—and it has put decades of hard-fought gains for women in the workplace at risk.
  6. No relationship is more important to the federal government than the relationship with Indigenous peoples. The federal government continues to work with Indigenous peoples to build a nation-to-nation, Inuit-Crown, government-to-government relationship—one based on respect, partnership, and recognition of rights.
  7. The pandemic has made access to early learning and child care a universal issue that is resonating across sectors, regions, and income brackets. School and child care centre closures have been difficult for parents. Some have had to leave their jobs, or reduce their hours significantly. Without access to child care, parents cannot fully participate in our economy.
  8. Climate change is the challenge of our times. And it is also one of our greatest opportunities. Climate action creates new opportunities for engineers, scientists, farmers, construction workers, tradespeople, resource workers, energy workers, researchers, and more.
  9. Young people were among the hardest and fastest hit when the pandemic struck, experiencing more job losses than any other age demographic. They have also experienced the worst decline in mental health of any age group. Young Canadians must be at the centre of Canada’s recovery not only to help them rebound today, but to invest in their future success and the future success of our economy
  10. A plan for a long-term recovery must look to challenges and opportunities that lie ahead in the years and decades to come. It must be led by a growth strategy that builds on the unique competitive advantages of the Canadian economy, and make sure that Canada is well-positioned to meet the demands of the next century.
  11. Budget 2021 is about finishing the fight against COVID. It’s about healing the economic wounds left by the COVID recession.
  12. Today, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, released Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, the Government of Canada’s plan to finish the fight against COVID-19 and ensure a robust economic recovery that brings all Canadians along.
  13. It’s about meeting the urgent needs of today, and about building for the long term. It’s a budget focused on middle class Canadians, and on pulling more Canadians up into the middle class. It’s a plan that embraces this moment of global transformation to a green, clean economy.
  14. The Office of the Superintendent of Financial Institutions (OSFI) announced today that it is restarting its consultation on the minimum qualifying rate for uninsured mortgages.
  15. Yesterday, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, had a virtual bilateral meeting with the United States Secretary of the Treasury, Janet Yellen. The two previously spoke in January, shortly after the Secretary’s historic confirmation.
  16. Registration for the Budget 2021 embargoed reading, technical briefing, and press conference for media has now opened.
  17. Orders in council have been issued under the Financial Administration Act (FAA) approving the government’s 2021-2022 annual borrowing authority and a time-limited extraordinary borrowing authority.
  18. Good morning. To defeat COVID-19 and get our economy back on track, we need a pan-Canadian approach. We have to do everything we can to support Canadians who need help. We must take the necessary steps to ensure people’s safety. That is why, today, I introduced Bill C-25. If enacted by Parliament, this legislation will provide $7.2 billion in critical support to provinces, territories, municipalities, and First Nations communities across Canada.
  19. Today the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, held her first call with the Vice President of the United States, Kamala Harris. The two previously participated in the virtual bilateral meeting between the Prime Minister and President on February 23, 2021.
  20. The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will present Budget 2021 in the House of Commons on April 19, 2021, at approximately 4:00 p.m. ET.
  21. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, met virtually with provincial and territorial Finance Ministers. This was the twelfth call chaired by the Deputy Prime Minister.
  22. Remarks for Supriya Syal, Deputy Commissioner, Research, Policy and Education, Financial Consumer Agency of Canada, CPA Canada’s Financial Literacy Virtual World Tour on Financial Education on the Global Stage
  23. Remarks for Judith Robertson, Commissioner, Financial Consumer Agency of Canada at the 10th Anniversary Financial Literacy Month – Virtual Launch Event
  24. Today, the Department of Finance Canada welcomed the International Monetary Fund (IMF)'s Staff Report for the 2021 Article IV Consultation to conclude its annual Article IV mission to Canada.
  25. Remarks by the Deputy Prime Minister and Minister of Finance at the House of Commons Standing Committee on Finance
  26. The Government of Canada is committed to ensuring that Black Canadians have a fair and equal chance at success.
  27. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, met virtually with provincial and territorial Finance Ministers. This was the eleventh call chaired by the Deputy Prime Minister.
  28. Businesses, non-profits, and charities that have experienced a decline in revenues while weathering the COVID-19 crisis are eligible for a variety of government support measures including direct subsidies to support workers and pay rent.
  29. The Honourable David Lametti, P.C., Q.C., Minister of Justice and Attorney General of Canada and Parliamentary Secretary to the Minister of Justice, Arif Varani, accompanied by representatives for Ryerson University and Maliganik Tukisiniarvik, will make a funding announcement. Following the address to recipients, Minister Lametti and the recipients will be available to media.
  30. The Government of Canada will respond to the 2021 first reports of the Auditor General of Canada.
  31. Today, the Department of Finance released draft legislative proposals that would implement technical amendments to ensure these programs better support the businesses and workers who are facing challenges as a result of the pandemic.
  32. Today, the Department of Finance released draft legislative proposals that would implement technical amendments to ensure these support programs better support the businesses and workers who are facing challenges as a result of the pandemic.
  33. Virtual tax information sessions for seniors with Minister Schulte and Parliamentary Secretary Lauzon
  34. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, met virtually with provincial and territorial Finance Ministers. This was the tenth call chaired by the Deputy Prime Minister.
  35. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, met virtually with the Prime Minister’s Youth Council to hear their ideas about how Budget 2021 can support young people through the pandemic while building a greener, more competitive, inclusive, and resilient economy that leaves no one behind.
  36. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, and the Minister of Middle Class Prosperity and Associate Minister of Finance, the Honourable Mona Fortier, met virtually with the Federation of Canadian Municipalities’ Big City Mayors’ Caucus as part of the Government of Canada’s pre-budget consultations.
  37. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, met virtually with a diverse group of Canadians to discuss what matters most to them and to hear their ideas about how Budget 2021 can support people and businesses through the pandemic, make life more affordable in their communities, and help Canada build back better.
  38. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, met virtually with citizens and businesses to hear their ideas about how Budget 2021 can support families, workers and businesses and help the city become stronger, and more inclusive after the pandemic.
  39. Nearly $660,000 to help young workers in Peel Region explore new employment opportunities, create up to 20 jobs and bolster Canada’s cybersecurity sector
  40. The government has a plan to make smart, targeted investments to jumpstart the country’s economic recovery so Canada can come roaring back after the pandemic.
  41. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, met virtually with Canada’s leading private sector economists to discuss the current state of Canada’s economy amidst the ongoing fight against COVID-19 as well as their expectations for Canada’s economic recovery.
  42. The government has a plan to make smart, targeted investments to jumpstart the country’s economic recovery so Canada can come roaring back after the pandemic.
  43. The government has a plan to make smart, targeted investments to jumpstart the country’s economic recovery so Canada can come roaring back after the pandemic.
  44. Minister Fortier and Minister Chagger hold Budget 2021 consultations in Kitchener-Waterloo
  45. Today, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, met virtually with provincial and territorial Finance Ministers. This was the ninth call chaired by the Deputy Prime Minister.
  46. By accelerating action to fight climate change and building a clean economy, the Government of Canada will create new jobs, while also ensuring cleaner air and water for future generations.
  47. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, met virtually with local businesses and community leaders from Windsor-Essex, to hear their ideas about how Budget 2021 can support families, workers and businesses and help the region become stronger, and more inclusive after the pandemic.
  48. In 2005, to address the unique fiscal circumstances faced by the province of Nova Scotia, the federal government agreed, under the terms of the 2005 Arrangement on Offshore Revenues, to provide time-limited protection to Nova Scotia to offset the negative impact of offshore revenues on its Equalization payments.
  49. Today, the Government of Canada introduced legislation to amend the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act, following a multi-year dialogue with the province about offshore revenues.
  50. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, met virtually with leaders from the country’s Black business community to discuss the opportunities to create growth and ensure an inclusive, equitable and resilient recovery from COVID-19 that leaves no one behind.