Money & Finances

  1. I would like to thank everyone who has taken the time to be here today to talk about how we can support Ukraine in its brave and hard fight to win this war, and in the absolutely essential work of rebuilding Ukraine after Ukraine’s victory.
  2. The federal government applies a price on pollution in jurisdictions that do not have their own pollution pricing systems which meets the federal benchmark. Specifically, in 2023-24, the federal fuel charge will continue to apply in Alberta, Saskatchewan, Manitoba, and Ontario, and will come into effect as of July 1, 2023 in Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
  3. To offer Canadians an opportunity to directly support the brave people of Ukraine, the Government of Canada is today launching the $500 million Ukraine Sovereignty Bond, first announced last month by the Prime Minister. The funds will assist the Government of Ukraine so it can continue to provide essential services to Ukrainians this winter, such as pensions, the purchasing of fuel, and restoring energy infrastructure.
  4. Today, Bill C-31, the Cost of Living Relief Act, No. 2 (Targeted Support for Households), received Royal Assent. This legislation delivers two targeted affordability measures for the Canadians who need it most: the Canada Dental Benefit and a one-time top-up to the Canada Housing Benefit.
  5. The Honourable Mona Fortier, President of the Treasury Board of Canada, tabled the Supplementary Estimates (B), 2022–23, in the House of Commons
  6. Judith Athaide is a certified corporate director, professional engineer, entrepreneur and energy sector professional. Ms. Athaide is the President and CEO of The Cogent Group Inc., and a Corporate Director.
  7. The Government of Canada is committed to appointing highly qualified candidates who are able to best serve the interests of Canadians, through open, transparent and merit-based selection processes for all Governor-in-Council appointments.
  8. Statement to entities engaging in crypto-asset activities or crypto-related services
  9. When we were in Edmonton just a few weeks ago, one of the things we spoke about was the role that union workers are playing and will play in helping to build a thriving worker-driven economy as Canada navigates the road to net-zero. That was one of the pillars of the Fall Economic Statement I tabled last Thursday: a growing economy that will create good jobs for workers across the country—an economy that will have workers, union workers, leading the way.
  10. Throughout the past week, the Honourable Randy Boissonnault, the Minister of Tourism and Associate Minister of Finance, highlighted the government’s efforts to build an economy that works for everyone in communities across Canada, specifically underlining support for students, workers and the tourism industry. Minister Boissonnault met with Canadians and key stakeholders in several cities, including business leaders and students in Winnipeg, union members and students in Windsor, announced additional investments in clean technology innovation in Edmonton, and ended with meetings in Québec City today. Minister Boissonnault was joined by the Honourable Jean-Yves Duclos, the Minister of Health, and Joël Lightbound, the Member of Parliament for Louis-Hébert.
  11. Good afternoon.First, I want to acknowledge that the land we are gathered on is part of the Treaty Lands and Territory of the Mississaugas of the Credit First Nation. I am delighted to be here in Milton today with the incredible people of DSV, and with my friend and colleague, Adam van Koeverden. He is such a great voice for the people of Milton in Ottawa.
  12. I would first like to acknowledge that we are meeting on the traditional unceded territory of the Kanien'kehá:ka nation, which has long served as a place of gathering and exchange between nations.
  13. As you just heard from the Prime Minister, the key message of the Fall Economic Statement that we tabled yesterday is making sure that we’re there for Canadians. We’re working to deliver hundreds of dollars in new support to low-income renters.
  14. On November 10, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, will be in Québec City to highlight the 2022 Fall Economic Statement, the Government of Canada’s plan to continue its sound stewardship of the economy, make life more affordable, and build an economy that works for everyone.
  15. On November 9, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, will be in Windsor, Ontario to highlight the 2022 Fall Economic Statement, the Government of Canada’s plan to continue its sound stewardship of the economy, make life more affordable, and build an economy that works for everyone.
  16. Minister Qualtrough highlights the government’s affordability plan to build an economy that works for everyone
  17. On November 7, the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, will be in Winnipeg, Manitoba to highlight the 2022 Fall Economic Statement, the Government of Canada’s plan to continue its sound stewardship of the economy, make life more affordable, and build an economy that works for everyone.
  18. The Minister of Labour, Seamus O’Regan Jr., to highlight the 2022 Fall Economic Statement
  19. The Minister of Seniors, Kamal Khera, to highlight the 2022 Fall Economic Statement
  20. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introduced Bill C-32, the Fall Economic Statement Implementation Act. This legislation includes key measures from the 2022 Fall Economic Statement to help families cope with increasing costs, like rising prices at the checkout counter; to make housing more affordable; and to strengthen and build a thriving net-zero economy with opportunities and jobs.
  21. The International Development Association (IDA) is the World Bank Group’s principal financing tool for the world’s poorest countries, providing them with zero and low-interest loans and grants.
  22. Today, in tandem with the 2022 Fall Economic Statement, the Government of Canada is launching a series of consultations on measures to reduce costs for small businesses, ensure the stability of our economy in a digital world, and improve the fairness of our tax system.
  23. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the 2022 Fall Economic Statement.
  24. The 2022 Fall Economic Statement makes investments in workers to grow Canada’s economy, create good-paying jobs, and tackle Canada’s investment and productivity challenges.
  25. The 2022 Fall Economic Statement includes new, targeted cost of living support measures to make life more affordable for the Canadians most affected by rising prices.
  26. For the past several months, I have been travelling across Canada—to more than two dozen cities and towns—to meet with Canadian workers and Canadian businesses. I visited an auto parts manufacturer in Etobicoke, a potash mine outside Saskatoon, and the women and men in Sherbrooke who make the boots our Armed Forces wear around the world. I visited the Port of Saint John in New Brunswick, and a family farm in Olds, Alberta.
  27. The government is moving forward with its ambitious package of measures to build more homes and make housing more affordable across the country.
  28. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, met with chief economists from major Canadian financial institutions to discuss their outlook on the Canadian and global economies and to hear their views on the government’s ongoing work to build an economy that works for everyone.
  29. The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will present the Fall Economic Statement 2022 in the House of Commons on November 3, 2022, at approximately 4:00 p.m. ET.
  30. Now, unions know—the Boilermakers know, the AFL knows—that good economic policy means policy that is good, first and foremost, for workers. Policy that maintains and creates good jobs for people here in Alberta and across the country and puts them to work building an economy that works for everyone.
  31. Our auto workers are some of the most talented, and innovative, and resilient in the world. Project Arrow, the first fully made-in-Canada electric vehicle behind me, there is a little sneak peek right there, is a perfect example of that.
  32. The remarkable work being done by companies like this one can help to power the world and create the good jobs of today and tomorrow—for workers here in Quebec and across Canada.
  33. We express our unwavering support for APEC and are fully committed to helping Thailand, as APEC Chair in 2022, deliver a successful host year.
  34. Today, Bill C-30, the Cost of Living Relief Act, No. 1 (Targeted Tax Relief), received Royal Assent, doubling the Goods and Services Tax Credit for six months to help make life more affordable for millions of Canadians.
  35. Next week, from October 19 to 21, the Minister of Tourism and Associate Minister of Finance, the Honourable Randy Boissonnault, will attend the Finance Ministers’ Meeting of the Asia-Pacific Economic Cooperation (APEC) forum, in Bangkok, Thailand.
  36. Global inflationary pressures continue to rise and are increasing costs of living and squeezing out the middle class. Extreme volatility has plagued commodity markets, increasing the cost of everyday goods including necessities such as food. The IMF must consider how best to assess and respond to growing global risks, many of which—including rising costs of food and fuel—have been exacerbated by Russia’s invasion of Ukraine.
  37. The pandemic and Russia’s invasion of Ukraine have highlighted the interconnectedness and fragility of our global food systems. Because of the war, we are experiencing the largest shock to the global food system since the 2008-09 food price crisis. Food price inflation is having a significant impact on food security around the world. We encourage the Bank to continue to help build resilient food systems through support to the intensification of climate-smart agriculture, improving energy use in food systems, sustainable agri-food value-chains, and overall better food system governance.
  38. In our meeting on climate economics, we underlined our commitment to ambitiousclimate action and to promoting an orderly and just global transition towards net zerogreenhouse gas emissions. We were delighted to be joined by Nicholas Stern, AmarBhattacharya and Hans Peter Lankes for our discussion.
  39. We remain steadfast in our support for and solidarity with Ukraine. Equally, we remain united in our condemnation of Russia´s war of aggression against Ukraine and the tragic loss of life resulting from the war and reiterate the statement made by our Leaders on 11 October 2022.
  40. The IMF noted Canada’s tightened fiscal stance, having now unwound emergency pandemic support. It also praised the federal government’s deficit reduction and the publication of long-term fiscal projections as “welcome steps toward strengthening the fiscal framework.”
  41. Madame Speaker, it is my pleasure to appear before you and all Senators to discuss Bill C-30 – the Cost of Living Relief Act – which would deliver targeted tax relief to the Canadians who need it most by doubling the Goods and Services Tax Credit for six months.
  42. The Deputy Prime Minister will attend the G7 and G20 Finance Ministers' and Central Bank Governors' Meetings, as well as meetings of the International Monetary and Financial Committee. The Deputy Prime Minister will also attend the Second Ukraine Ministerial Roundtable, which will be co-chaired by Ukrainian Prime Minister Denys Shmyhal, and to which Ukrainian President Volodymyr Zelensky will deliver opening remarks virtually.
  43. The Government of Canada is committed to appointing highly qualified candidates who are able to best serve the interests of Canadians, through open, transparent and merit-based selection processes for all Governor-in-Council appointments.
  44. Bree Jamieson-Holloway is an international corporate finance lawyer, qualified in Ontario as well as England and Wales. She has practiced in London, England and Hong Kong and is now based in Ottawa, where she is the founder and managing lawyer at Jamieson Law, a boutique corporate firm.
  45. Mr. Chair, it is my pleasure to appear before you and Members of the committee to discuss Bill C-30—the Cost of Living Relief Act—which would deliver targeted tax relief to the Canadians who need it most by doubling the Goods and Services Tax Credit for six months.
  46. Today, the government introduced its first two pieces of legislation for this Parliamentary sitting, which would deliver targeted support to the Canadians who need it most.
  47. Government of Canada to hold technical briefing and media availability on the Government of Canada’s Affordability Plan
  48. The Goods and Services Tax (GST) Credit helps offset the financial impact of the GST for low- and modest-income people and families. The credit is paid quarterly in January, April, July, and October, with benefit years beginning in July.
  49. Seeing a dentist is important for our health, but it can be expensive. A third of Canadians currently do not have dental insurance, and in 2018, more than one in five Canadians reported avoiding dental care because of the cost.
  50. For many Canadians, it is becoming increasingly challenging to find a safe and affordable place to call home, and the high cost of living is making affordable housing even less attainable for the most vulnerable Canadians.