Money & Finances

  1. 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.
  2. 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.
  3. Registration for the Budget 2021 embargoed reading, technical briefing, and press conference for media has now opened.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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
  10. Remarks for Judith Robertson, Commissioner, Financial Consumer Agency of Canada at the 10th Anniversary Financial Literacy Month – Virtual Launch Event
  11. 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.
  12. Remarks by the Deputy Prime Minister and Minister of Finance at the House of Commons Standing Committee on Finance
  13. The Government of Canada is committed to ensuring that Black Canadians have a fair and equal chance at success.
  14. 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.
  15. 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.
  16. 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.
  17. The Government of Canada will respond to the 2021 first reports of the Auditor General of Canada.
  18. 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.
  19. 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.
  20. Virtual tax information sessions for seniors with Minister Schulte and Parliamentary Secretary Lauzon
  21. 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.
  22. 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.
  23. 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.
  24. 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.
  25. 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.
  26. 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
  27. 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.
  28. 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.
  29. 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.
  30. 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.
  31. Minister Fortier and Minister Chagger hold Budget 2021 consultations in Kitchener-Waterloo
  32. 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.
  33. 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.
  34. 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.
  35. 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.
  36. 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.
  37. 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.
  38. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, met virtually with stakeholders and community leaders from the Lower Mainland region of British Columbia, 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.
  39. Today the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, spoke with the newly-appointed United States Secretary of the Treasury, Janet Yellen.
  40. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, and the Honourable Filomena Tassi, Minister of Labour, met virtually with citizens from the Hamilton area 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.
  41. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, and the Honourable Jim Carr, Special Representative for the Prairies, met virtually with stakeholders in Winnipeg, Manitoba, 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.
  42. Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, and the Honourable Patty Hajdu, Minister of Health, met virtually with health care organizations and associations from across Canada to hear their ideas about how Budget 2021 can continue to support the health and safety of Canadians through the pandemic. The discussion and ideas shared with Minister Fortier and Minister Hajdu during the round table will also help the government ensure an inclusive, equitable and resilient recovery that leaves no one behind.
  43. I am so pleased to announce the launch of consultations that will help inform and guide our growth plan and feed into the measures and investments that will make up Budget 2021 – and help Canada build back better.
  44. 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, launched pre-budget consultations. These discussions allow the government to hear the best ideas from Canadians and experts across the country about how Budget 2021 can support Canadians through the pandemic and help us build back better.
  45. The Deputy Prime Minister and Minister of Finance will make an announcement with the Minister of Middle Class Prosperity and Associate Minister of Finance. A media availability will follow.
  46. The Deputy Prime Minister opened the meeting by addressing the ongoing pandemic and reiterating the federal government’s commitment to supporting Canadians and Canadian businesses.
  47. Tomorrow, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, joined by the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, will virtually convene the semi-annual Finance Ministers’ meeting with provincial and territorial colleagues. The Deputy Prime Minister and Finance Ministers will be joined by the Governor of the Bank of Canada, Tiff Macklem, for a portion of the day, where he will offer the Bank’s perspective on the current state of the economy in Canada and internationally.
  48. Under the current tax rules, EI and CERB income are treated differently when determining tax relief under the Child Care Expense Deduction and the Disability Supports Deduction.