Money & Finances

  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. Everyone deserves an equal and fair chance at success. Social purpose organizations play a fundamental role in helping communities across Canada tackle a range of pressing social issues. However, many need support to expand their capacity and acquire new skills. In the years to come, a strong social purpose sector will be critical in rebuilding the economy in addition to addressing other priorities in our communities, like unemployment, poverty reduction, reconciliation, gender equality and anti-racism.
  4. In Canada, diversity is our strength. That is why the Government of Canada committed to taking action to address systemic discrimination affecting Black Canadians.
  5. Today, through the Department of Finance, the Government of Canada is launching consultations with stakeholders on the design of the proposed Luxury Tax.
  6. Remarks by the Deputy Prime Minister and Minister of Finance to highlight the Early Learning and Child Care Agreement with British Columbia
  7. Remarks by the Deputy Prime Minister and Minister of Finance to Announce the Early Learning and Child Care Agreement with Yukon
  8. Minister Fortier meets with Mayor Helps of Victoria
  9. 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
  10. 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).
  11. 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.
  12. Today, the Government of Canada, through the Department of Finance, is launching consultations with stakeholders on the design of this proposed new tax.
  13. Yesterday, the Minister of Middle Class Prosperity and Associate Minister of Finance, Mona Fortier spoke with His Worship Berry Vrbanovic, the Mayor of Kitchener.
  14. 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.
  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. In Canada, diversity is our strength; that is why the Government of Canada is investing in initiatives that recognize the contributions of Black Canadians, and acknowledge the significant and unique challenges faced by their communities.
  20. The Honourable Ahmed Hussen, Minister of Families, Children and Social Development, will announce how the Government of Canada is supporting Black-led organisations. He will be accompanied by Marci Ien, Member of Parliament for Toronto Centre.
  21. Skilled tradespeople from across the country have been critical to essential sectors during the COVID-19 pandemic and their expertise is in high demand. This demand is expected to remain high over the next 10 years, as over 700,000 skilled trades workers are expected to retire between 2019 and 2028, creating an ever growing need to recruit and train thousands of skilled trades people. As part of the Canadian Apprenticeship Strategy, the Government is making targeted investments to remove barriers and get more Canadians the hands-on experience and apprenticeship training they need to build good, well-paying careers in the skilled trades.
  22. The Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough, will announce the launch of two calls for proposals to support apprentices build their careers in the skilled trades.
  23. 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.
  24. 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.
  25. 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.
  26. 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.
  27. 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.
  28. 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.
  29. 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.
  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. Strengthening the financial literacy of Canadians is essential to protect financial consumers and central to the mandate of the Financial Consumer Agency of Canada (FCAC).
  36. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, held a virtual roundtable with housing stakeholders and experts from Quebec.
  37. 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.
  38. 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.
  39. 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.
  40. 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.
  41. Bill C-30, the legislation that enacts many important measures in our recent budget, was adopted by the Senate and received Royal Assent.
  42. 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.
  43. 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.
  44. My name is Supriya Syal, and I am the Deputy Commissioner of Research Policy and Education at the Financial Consumer Agency of Canada. It’s my pleasure to be here with you today.
  45. 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.
  46. Seven recipients in the North will benefit from funding for broadcasting, sport and youth programming
  47. 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).