Canada News Centre2026-06-02T16:08:35-04:00https://www.canada.ca/en/news.htmlhttps://www.canada.ca/etc/designs/canada/wet-boew/assets/wmms-blk.svghttps://www.canada.ca/en/department-finance/news/2026/06/biographical-notes--elizabeth-cannon.html

Dr. Elizabeth Cannon is president emerita of the University of Calgary after serving as president and vice chancellor from 2010 until 2018. Prior to her term as president, Dr. Cannon was dean of the Schulich School of Engineering at the University of Calgary.

Department of Finance Canada2026-06-01T13:55:46-04:00https://www.canada.ca/en/department-finance/news/2026/06/biographical-notes--susan-m-hutton.html

Susan Hutton is an adjunct lecturer at the Faculty of Law at Queen’s University in Kingston, Ontario. Prior to teaching at Queen’s, she was a partner in the Competition & Foreign Investment and International Trade practice groups at Stikeman Elliott LLP, where she practiced in Ottawa and Toronto. She has over 30 years of experience practicing administrative law, specializing in competition, foreign investment and international trade law.

Department of Finance Canada2026-06-01T13:55:40-04:00https://www.canada.ca/en/department-finance/news/2026/05/biographical-notes--eric-wildhaber.html

Eric Wildhaber was appointed as a temporary Member of the Canadian International Trade Tribunal for a three-year term beginning on July 25, 2022. He was reappointed as a temporary Member for another three-year term, starting on July 25, 2025.

Department of Finance Canada2026-05-08T13:07:25-04:00https://www.canada.ca/en/department-finance/news/2026/05/biographical-notes--randolph-w-heggart.html

Randolph W. Heggart has been a full-time Member of the Canadian International Trade Tribunal since June 18, 2018.

Department of Finance Canada2026-05-08T13:07:20-04:00https://www.canada.ca/en/department-finance/news/2026/05/biographical-notes--michele-govier.html

Michèle Govier recently served as Director General of the International Trade Policy Division at the Department of Finance Canada where she oversaw Canada’s import policy and trade legislation, including the Customs Tariff Act, the Special Import Measures Act, and the Canadian International Trade Tribunal Act. Her key responsibilities included providing strategic advice to senior government officials on trade policy measures, implementing such measures, and leading trade negotiations. This included providing advice on the implementation of Canada’s response to U.S. tariffs and developing tariff relief to businesses.

Department of Finance Canada2026-05-08T13:07:14-04:00https://www.canada.ca/en/department-finance/news/2026/05/biographical-notes--greg-gallo.html

Greg Gallo is currently the Senior Director, Trade Remedies Analysis and Chief Economist for the Administrative Tribunals Support Service of Canada (ATSSC) supporting the Canadian International Trade Tribunal (CITT). Between 2019 and 2022 he held the position of Acting Executive Director at the ATSSC to the CITT, the Competition Tribunal and the Public Servants Disclosure Protection Tribunal. Mr. Gallo recently returned to the ATSSC from an assignment as the Acting Secretary General to the Copyright Board of Canada.

Department of Finance Canada2026-05-08T13:07:10-04:00https://www.canada.ca/en/department-finance/news/2026/05/biographical-notes--elio-luongo.html

Mr. Elio Luongo was chief executive officer and senior partner of KPMG from 2016 until his retirement in 2024 and served as one of 18 global board members for KPMG International. He is currently a director for TD Bank and Tolko Industries.

Department of Finance Canada2026-05-06T10:35:23-04:00https://www.canada.ca/en/department-finance/news/2026/04/spring-economic-update-2026-key-measures.html

The Spring Economic Update 2026 builds on the momentum of Budget 2025 with strategic investments that support productivity, growth, and competitiveness and position Canada for long-term prosperity.

Department of Finance Canada2026-04-28T16:02:18-04:00https://www.canada.ca/en/department-finance/news/2026/04/canada-strong-fund.html

The government is launching Canada’s first national sovereign wealth fund—the Canada Strong Fund. This fund is about making sure that the returns from Build Canada Strong are shared with Canadians.

Department of Finance Canada2026-04-27T09:15:26-04:00https://www.canada.ca/en/department-finance/news/2026/04/temporarily-suspending-the-federal-fuel-excise-tax.html

The Government of Canada intends to introduce draft legislative amendments to the Excise Tax Act to temporarily suspend the application of the federal fuel excise tax on gasoline and diesel fuel by setting their rates to 0 cents per litre, effective April 20, 2026 until Labour Day, September 7, 2026 (inclusive).

Department of Finance Canada2026-04-14T12:06:19-04:00https://www.canada.ca/en/department-finance/news/2026/04/biographical-notes--simon-kamel.html

Simon Kamel joined the Royal Canadian Mint in 2011 and was appointed Vice-President, General Counsel and Corporate Secretary, Corporate and Legal Affairs in 2014. Mr. Kamel was appointed Interim President and Chief Executive Officer of the Royal Canadian Mint on January 31, 2026, by the Board of Directors.

Department of Finance Canada2026-04-02T13:33:04-04:00https://www.canada.ca/en/department-finance/news/2026/04/extending-alcohol-excise-duty-relief-to-support-canadian-businesses.html

On April 1, 2026, the federal government announced an additional two-year extension of the two per cent cap on the annual alcohol excise duty inflation adjustment, and of the 50 per cent reduction on excise duty rates for the first 15,000 hectolitres of beer brewed in Canada, effective April 1, 2026.

Department of Finance Canada2026-04-01T13:12:03-04:00https://www.canada.ca/en/department-finance/news/2026/03/biographical-notes--bree-jamieson-holloway.html

Ms. Bree Jamieson-Holloway was appointed as Vice-Chairperson of the Canadian International Trade Tribunal on December 5, 2022, and has served as Acting Chairperson since December 31, 2025. Prior to joining the Tribunal, Ms. Jamieson-Holloway practiced law in London, England and Hong Kong.

Department of Finance Canada2026-03-19T10:40:14-04:00https://www.canada.ca/en/department-finance/news/2026/02/letter-from-the-minister-of-finance-and-national-revenue-to-the-director-and-chief-executive-officer-of-fintrac.html

Letter from the Minister of Finance and National Revenue to the Director and Chief Executive Officer of FINTRAC

Department of Finance Canada2026-02-19T09:28:03-05:00https://www.canada.ca/en/department-finance/news/2026/01/the-new-canada-groceries-and-essentials-benefit.html

The global landscape is rapidly changing, leaving economies, businesses, and workers under a cloud of uncertainty. In response, Canada’s new government is focused on what we can control: building a stronger economy to make life more affordable for Canadians.

Department of Finance Canada2026-01-26T11:25:08-05:00https://www.canada.ca/en/department-finance/news/2025/12/list-of-steel-derivative-products-subject-to-25-per-cent-tariffs-effective-december-26-2025.html

Effective December 26, 2025, the Government of Canada is imposing 25 per cent tariffs on the full value of the steel derivative products listed below from all countries. Descriptions are included for illustrative purposes, with the scope established by the tariff item in column 1.

Department of Finance Canada2025-12-12T12:24:09-05:00https://www.canada.ca/en/department-finance/news/2025/12/biographical-notes--sandra-l-hanington.html

Biographical Notes – Sandra L. Hanington

Department of Finance Canada2025-12-01T14:44:50-05:00https://www.canada.ca/en/department-finance/news/2025/12/biographical-notes--marjolaine-giasson.html

Biographical Notes – Marjolaine Giasson

Department of Finance Canada2025-12-01T14:44:45-05:00https://www.canada.ca/en/department-finance/news/2025/12/biographical-notes--chantal-frappier.html

Biographical Notes – Chantal Frappier

Department of Finance Canada2025-12-01T14:44:39-05:00https://www.canada.ca/en/department-finance/news/2025/12/biographical-notes--andrew-d-mutch.html

Mr. Andrew D. Mutch currently serves as the President of Michelin North America (Canada) Inc., where he is responsible for ensuring the long-term sustainability and operational excellence of the Canadian operations. Throughout his tenure at Michelin, Mr. Mutch has held several key positions, including Plant Manager of the Michelin Bridgewater Plant and Pictou Tire Operations in Nova Scotia, Director of Strategy and Performance Improvement at Michelin North America in Greenville, South Carolina, and Director of Human Resources at Michelin Canada.

Department of Finance Canada2025-12-01T14:44:33-05:00https://www.canada.ca/en/department-finance/news/2025/12/biographical-notes--maureen-c-jensen.html

Ms. Maureen Jensen has been a leader in the investment industry and securities regulation for more than 20 years and is currently a Director of Franco-Nevada Corporation, a public governor of the Financial Industry Regulatory Authority (FINRA) – a private, non-governmental organization in the United States that acts as a self-regulatory organization (SRO) and is the Chair of the Board of Directors at Ombudsman for Banking Services and Investments (OBSI). She also sits on the Capital Markets Institute Advisory Committee at the Rotman School of Business.

Department of Finance Canada2025-12-01T14:44:28-05:00https://www.canada.ca/en/department-finance/news/2025/11/biographical-notes--dwight-ball.html

Mr. Ball has more than 30 years of business ownership experience in healthcare, real estate development, venture capital and seniors housing developments. As a business leader, he has vast experience in team building, conflict mediation, budget preparation and management, media relations, and conflict resolution.

Department of Finance Canada2025-11-12T08:48:57-05:00https://www.canada.ca/en/department-finance/news/2025/11/budget-2025-introduces-measures-to-promote-competition-and-affordability.html

Competition is central to productivity, innovation, and affordability, and a lack of competition in various sectors has led to far too high prices. Budget 2025 is launching some of the most ambitious, pro-competitive measures for Canada in a generation.

Department of Finance Canada2025-11-06T09:24:00-05:00https://www.canada.ca/en/department-finance/news/2025/10/supporting-the-department-for-women-and-gender-equality.html

Since its establishment in 2018, the Department for Women and Gender Equality (WAGE) has empowered women and 2SLGBTQI+ people through programs that enhance meaningful participation in our economy.

Department of Finance Canada2025-10-29T13:53:07-04:00https://www.canada.ca/en/department-finance/news/2025/10/combatting-financial-fraud-protecting-canadians-against-scams-and-abuse.html

Financial fraud impacts everyone and is becoming harder to detect and more prevalent in Canadians’ daily lives. In 2024, the Canadian Anti-Fraud Centre (CAFC) reported that Canadians had $643 million stolen due to fraud, representing nearly a 300 per cent increase since 2020. The CAFC estimates that this figure only represents 5 to 10 per cent of total fraud losses in Canada, given that many victims are reluctant to report fraud.

Department of Finance Canada2025-10-20T11:19:21-04:00https://www.canada.ca/en/department-finance/news/2025/10/biographical-notes--stephanie-coyles.html

Ms. Stephanie Coyles currently serves on the Board of Directors for Sun Life Financial and Metro. Past board memberships include Corus Entertainment, Hudson’s Bay Company, and Postmedia Network.

Department of Finance Canada2025-10-17T09:00:04-04:00https://www.canada.ca/en/department-finance/news/2025/10/canadas-new-government-is-lowering-costs-to-help-canadians-get-ahead.html

Filing an income tax return is the gateway for many Canadians to access important financial benefits—like the GST/HST Credit, the Canada Child Benefit, the Canada Disability Benefit , and more —which can help them manage their day-to-day costs. That’s why the Canada Revenue Agency (CRA) will make it easier for Canadians to file a tax return and access key benefits.

Department of Finance Canada2025-10-10T09:51:26-04:00https://www.canada.ca/en/department-finance/news/2025/10/modernizing-canadas-budgeting-approach.html

Modernizing Canada’s Budgeting Approach

Department of Finance Canada2025-10-06T10:14:38-04:00https://www.canada.ca/en/department-finance/news/2025/10/biographical-notes--gillian-denham.html

Biographical Notes – Gillian Denham

Department of Finance Canada2025-10-03T16:46:29-04:00https://www.canada.ca/en/department-finance/news/2025/10/biographical-notes--barry-perry.html

Mr. Barry Perry has been a Director of the Canada Pension Plan Investment Board (CPPIB) since August 2021.

Department of Finance Canada2025-10-03T16:46:22-04:00https://www.canada.ca/en/department-finance/news/2025/09/biographical-notes--martin-glynn.html

Mr. Glynn has been a member of the Board of Directors of PSP Investments since 2014, including holding the position of Chair of the Board of Directors at PSP Investments.

Department of Finance Canada2025-09-08T16:29:25-04:00https://www.canada.ca/en/department-finance/news/2025/09/biographical-notes--gina-byrne.html

Ms. Byrne has held progressively senior roles at the Canada Deposit Insurance Corporation since 2007, serving this year as Chief Operating Officer. From 2019 to 2025 Ms. Byrne was CDIC’s Vice President, Member Risk & Resolution, and prior to that held several manager and managing director roles.

Department of Finance Canada2025-09-08T16:27:09-04:00https://www.canada.ca/en/department-finance/news/2025/07/support-for-the-canadian-steel-sector.html

This move comes in response to both U.S. tariffs on steel and global steel overproduction, which are pushing foreign exporters to find new places to sell their steel—including Canada. Strengthening these import limits will help prevent the Canadian market from being overwhelmed with cheap steel, while still making sure Canadian businesses that rely on steel can continue to get the supply they need.

Department of Finance Canada2025-07-16T12:36:27-04:00https://www.canada.ca/en/department-finance/news/2025/07/non-taxability-of-canada-carbon-rebates-for-small-businesses.html

In provinces where the fuel charge applied, a portion of fuel charge proceeds from the price on pollution is returned to eligible small- and medium-sized businesses via the Canada Carbon Rebate for Small Businesses, an automatic, refundable tax credit provided directly to eligible businesses. Corporations do not have to apply for the tax credit; the payment amounts are automatically determined by the Canada Revenue Agency (CRA).

Department of Finance Canada2025-07-03T18:15:03-04:00https://www.canada.ca/en/department-finance/news/2025/06/tariff-rate-quotas-on-imports-of-steel-mill-products.html

The Government of Canada announced the implementation of tariff rate quotas (TRQs) on imports of steel mill products from non-free trade agreement partners, effective June 27, 2025. This measure will help stabilize the Canadian market and prevent harmful diversion of foreign steel from third countries into Canada while minimizing impacts on Canadian importers and downstream users.

Department of Finance Canada2025-06-27T20:41:01-04:00https://www.canada.ca/en/department-finance/news/2025/05/delivering-a-middle-class-tax-cut.html

The government is moving forward with the proposal to deliver tax relief for Canadians by reducing the lowest marginal personal income tax rate from 15 per cent to 14 per cent, effective July 1, 2025.

Department of Finance Canada2025-05-27T13:46:18-04:00https://www.canada.ca/en/department-finance/news/2025/05/gst-relief-for-first-time-home-buyers-on-new-homes-valued-up-to-15-million.html

GST relief for first-time home buyers on new homes valued up to $1.5 million

Department of Finance Canada2025-05-27T13:45:55-04:00https://www.canada.ca/en/department-finance/news/2025/05/removing-the-consumer-carbon-price-from-canadian-law.html

The Government of Canada is proposing legislative amendments that would permanently repeal the fuel charge framework under Part 1 of the Greenhouse Gas Pollution Pricing Act (GGPPA) in the following four phases to ensure an orderly process for charge payers.

Department of Finance Canada2025-05-27T13:45:39-04:00https://www.canada.ca/en/department-finance/news/2025/04/list-of-vehicle-products-from-the-united-states-subject-to-25-per-cent-tariffs-effective-april-9-2025.html

List of vehicle products from the United States subject to 25 per cent tariffs effective April 9, 2025

Department of Finance Canada2025-04-08T14:07:40-04:00https://www.canada.ca/en/department-finance/news/2025/03/removing-the-consumer-carbon-price-effective-april-1-2025.html

The Government of Canada has made regulations that cease the application of the federal fuel charge, effective April 1, 2025, and is also removing requirements for provinces and territories to have a consumer-facing carbon price as of that date.

Department of Finance Canada2025-03-22T17:20:04-04:00https://www.canada.ca/en/department-finance/news/2025/03/list-of-products-from-the-united-states-subject-to-25-per-cent-tariffs-effective-march-13-2025.html

Effective March 13, 2025, the Government of Canada is imposing 25 per cent tariffs on $29.8 billion in products imported from the United States (U.S.).

Department of Finance Canada2025-03-12T16:11:39-04:00https://www.canada.ca/en/department-finance/news/2025/03/list-of-products-from-the-united-states-subject-to-25-per-cent-tariffs-effective-march-4-2025.html

Effective March 4, 2025, the Government of Canada is imposing 25 per cent tariffs on $30 billion in goods imported from the United States (U.S.).

Department of Finance Canada2025-03-04T12:03:53-05:00https://www.canada.ca/en/department-finance/news/2025/02/list-of-products-from-the-united-states-subject-to-25-per-cent-tariffs-effective-february-4-2025.html

Effective February 4, 2025, the government is imposing 25 per cent tariffs on $30 billion in goods imported from the United States (U.S.).

Department of Finance Canada2025-02-02T11:39:22-05:00https://www.canada.ca/en/department-finance/news/2024/12/investing-in-jobs-and-growth.html

The government is investing in productivity and innovation and bringing more Canadians into the workforce. This is part of the government’s economic plan to build a more innovative economy, with more investment opportunities and sustainable wage increases for Canadians. This Fall Economic Statement is also strengthening pro-worker policies to level the playing field.

Department of Finance Canada2024-12-16T16:12:10-05:00https://www.canada.ca/en/department-finance/news/2024/12/straight-switches-and-portfolio-insurance.html

The government is amending the mortgage insurance rules to remove the requirement to apply the minimum qualifying rate on low-ratio mortgages that switch from a federally regulated lender to any new lender at renewal, effective December 16, 2024.

Department of Finance Canada2024-12-16T16:12:09-05:00https://www.canada.ca/en/department-finance/news/2024/12/safer-healthier-communities.html

Canadians rightfully expect and deserve to feel safe in their communities. However, with a rise in gun violence, restrictive anti-choice groups, and targeted hate crimes, the fabric that ties our communities together is being threatened. As our country grows, we must take action to build a future where communities welcome diversity as our strength, where women’s rights are protected, and where every Canadian feels safe in the place they call home. The 2024 Fall Economic Statement is taking action to make our communities safer, vibrant, and more inclusive.

Department of Finance Canada2024-12-16T16:12:07-05:00https://www.canada.ca/en/department-finance/news/2024/12/reducing-everyday-costs.html

The government is taking action to make life cost less and put more money back in your pocket. Our economic plan is reducing everyday costs, cracking down on hidden fees, strengthening competition—especially in the grocery sector, making banking easier and more affordable and helping all communities.

Department of Finance Canada2024-12-16T16:11:56-05:00https://www.canada.ca/en/department-finance/news/2024/12/helping-more-canadians-buy-a-home.html

The government is investing to build homes at a record-breaking pace, helping Canadians find an affordable place to call home, and making the boldest mortgage reforms in decades to lower costs. The government is also working with provinces and territories to protect renters.

Department of Finance Canada2024-12-16T16:11:51-05:00https://www.canada.ca/en/department-finance/news/2024/12/2024-fall-economic-statement-canadas-complete-framework-for-consumer-driven-banking.html

The key goal of Canada’s consumer-driven banking framework is to ensure that the financial data of Canadians and small businesses is shared safely and securely. About nine million Canadians currently share their financial data by providing confidential banking credentials to service providers.

Department of Finance Canada2024-12-16T16:11:50-05:00https://www.canada.ca/en/department-finance/news/2024/12/protecting-jobs-and-our-economy.html

Canada’s economic potential is dependent on the success of Canadians. The 2024 Fall Economic Statement announces new initiatives to secure economic growth and protect jobs, particularly in light of new economic uncertainties in North America and globally following the U.S. election.

Department of Finance Canada2024-12-16T16:11:46-05:00https://www.canada.ca/en/department-finance/news/2024/12/unlocking-pension-investment-in-canada.html

With over $3 trillion in assets, Canadian pension funds are renowned around the world for being well-funded and well-managed, ensuring their long-term ability to provide financial security and dignity to retirees across Canada.

Department of Finance Canada2024-12-13T14:34:43-05:00https://www.canada.ca/en/department-finance/news/2024/12/reforming-and-enhancing-the-scientific-research-and-experimental-development-sred-tax-incentive-program.html

The Scientific Research and Experimental Development (SR&ED) tax incentives are a proven cornerstone of Canada’s innovation strategy, already supporting over 22,000 businesses.

Department of Finance Canada2024-12-13T14:34:31-05:00https://www.canada.ca/en/department-finance/news/2024/11/more-money-in-your-pocket-the-working-canadians-rebate.html

The government can’t set prices at the checkout, but we can give Canadians more money in their pockets. To help them buy the things they need and save for the things they want, the government announced that it will be introducing legislation in Parliament that would provide for the delivery of a new $250 Working Canadians Rebate to 18.7 million Canadians in early spring 2025.

Department of Finance Canada2024-11-21T11:26:36-05:00https://www.canada.ca/en/department-finance/news/2024/11/more-money-in-your-pocket-a-tax-break-for-all-canadians.html

The government is proposing that the GST/HST be fully and temporarily relieved on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, to February 15, 2025. This tax break will make a meaningful difference for Canadians by making essentially all food GST/HST free, providing real relief at the cash register.

Department of Finance Canada2024-11-21T11:26:30-05:00https://www.canada.ca/en/department-finance/news/2024/10/protecting-reproductive-freedom-by-preventing-abuse-of-charitable-status.html

Concerns have been raised that some registered charities that offer reproductive health services to women, including pregnancy options counselling, may be spreading misinformation by presenting themselves as neutral, full-service pregnancy support service organizations when they are in fact anti-choice organizations that push women away from accessing the reproductive care of their choice.

Department of Finance Canada2024-10-29T13:28:31-04:00https://www.canada.ca/en/department-finance/news/2024/10/biographical-notes--shereen-miller.html

Biographical Notes – Shereen Miller

Department of Finance Canada2024-10-15T16:07:00-04:00https://www.canada.ca/en/department-finance/news/2024/10/government-advances-made-in-canada-sustainable-investment-guidelines-to-accelerate-progress-to-net-zero-emissions-by-2050.html

The Government of Canada supports the development of voluntary Made-in-Canada sustainable investment guidelines (otherwise known as a taxonomy) that would categorize investments based on scientifically determined eligibility criteria that are consistent with the goal of reaching net-zero emissions by 2050 and limiting global temperature rise to 1.5°C above pre-industrial levels.

Department of Finance Canada2024-10-09T17:21:40-04:00https://www.canada.ca/en/department-finance/news/2024/10/mortgage-insurance-rule-changes-to-enable-homeowners-to-add-secondary-suites.html

Mortgage Insurance Rule Changes to Enable Homeowners to Add Secondary Suites

Department of Finance Canada2024-10-08T09:23:58-04:00https://www.canada.ca/en/department-finance/news/2024/10/canada-carbon-rebate-for-small-businesses-payment-amounts-2019-20-to-2023-24.html

By the end of this year, a portion of fuel charge proceeds from 2019-20 through 2023-24 will be returned to approximately 600,000 Canadian-controlled private corporations with 1 to 499 employees through this new refundable tax credit.

Department of Finance Canada2024-10-01T13:15:36-04:00https://www.canada.ca/en/department-finance/news/2024/10/final-list-of-steel-and-aluminum-products-from-china-that-will-be-subject-to-a-25-per-cent-surtax.html

The federal government will apply a 25 per cent surtax on imports of steel and aluminum products from China, effective October 22, 2024. The surtax will not apply to Chinese goods that are in transit to Canada on the day on which this surtax comes into force.

Department of Finance Canada2024-10-01T13:00:42-04:00https://www.canada.ca/en/department-finance/news/2024/09/delivering-the-boldest-mortgage-reforms-in-decades.html

The federal government has the most ambitious housing plan in Canadian history—including building 4 million new homes—to make housing more affordable for Canadians. This plan will build a Canada that is fairer for every generation of Canadians, where they can get ahead, where their hard work pays off, and where they can buy a home.

Department of Finance Canada2024-09-24T09:25:08-04:00https://www.canada.ca/en/department-finance/news1/2024/09/delivering-the-boldest-mortgage-reforms-in-decades.html

The federal government has the most ambitious housing plan in Canadian history—including building 4 million new homes—to make housing more affordable for Canadians. This plan will build a Canada that is fairer for every generation of Canadians, where they can get ahead, where their hard work pays off, and where they can buy a home.

Department of Finance Canada2024-09-24T09:25:08-04:00https://www.canada.ca/en/department-finance/news/2024/09/the-boldest-mortgage-reforms-in-decades.html

The federal government has the most ambitious housing plan in Canadian history—including building 4 million new homes—to make housing more affordable for Canadians. This plan will build a Canada that is fairer for every generation of Canadians, where they can get ahead, where their hard work pays off, and where they can buy a home.

Department of Finance Canada2024-09-16T10:43:17-04:00https://www.canada.ca/en/department-finance/news/2024/08/biographical-notes--elizabeth-whitsitt.html

Ms. Elizabeth Whitsitt is an Associate Professor with the Faculty of Law at the University of Calgary. Her research is focused on the intersection of trade law and investment arbitration, with a specialization on the role that adjudicators play between international trade and international investment law regimes.

Department of Finance Canada2024-08-30T09:59:58-04:00https://www.canada.ca/en/department-finance/news/2024/08/surtax-on-imports-of-steel-and-aluminum-products-from-china.html

The federal government intends to apply a 25 per cent surtax on imports of steel and aluminum products from China, effective October 15, 2024.

Department of Finance Canada2024-08-26T08:30:13-04:00https://www.canada.ca/en/department-finance/news/2024/08/surtax-on-chinese-made-electric-vehicles.html

The Government of Canada intends to implement a 100 per cent surtax on all Chinese-made EVs, effective October 1, 2024. This includes electric and certain hybrid passenger automobiles, trucks, buses, and delivery vans.

Department of Finance Canada2024-08-26T08:30:02-04:00https://www.canada.ca/en/department-finance/news/2024/06/biographical-notes--david-dominy.html

Mr. David Dominy was appointed to the Bank of Canada’s Board of Directors in January 2023. Mr. Dominy has more than 25 years of CEO experience, most recently with Canada’s largest domestically-owned money services business, FIRMA Foreign Exchange Corporation (2014 to 2022). Since 2003, he has also provided investment and advisory services as president of 3D Capital Inc.

Department of Finance Canada2024-06-24T15:00:22-04:00https://www.canada.ca/en/department-finance/news/2024/06/biographical-notes--raymond-ivany.html

Mr. Raymond Ivany was appointed to the Bank of Canada’s Board of Directors in September 2018.

Department of Finance Canada2024-06-24T15:00:16-04:00https://www.canada.ca/en/department-finance/news/2024/06/biographical-notes--mariette-mulaire.html

Ms. Mariette Mulaire was appointed to the Bank of Canada’s Board of Directors in June 2018.

Department of Finance Canada2024-06-24T15:00:10-04:00https://www.canada.ca/en/department-finance/news/2024/06/biographical-notes--tanya-van-biesen.html

Ms. Tanya van Biesen was appointed to the role of President and CEO of Women in Capital Markets in January 2024, where she uses her experience to contribute to achieving the organization’s mission of accelerating equity in finance for women and gender-diverse individuals.

Department of Finance Canada2024-06-24T15:00:03-04:00https://www.canada.ca/en/department-finance/news/2024/06/30-year-mortgages-for-first-time-buyers-of-new-builds.html

In Budget 2024, the federal government announced it would amend mortgage rules to allow up to 30 year mortgages for first-time homebuyers purchasing new builds.

Department of Finance Canada2024-06-11T09:21:46-04:00https://www.canada.ca/en/department-finance/news/2024/06/fair-and-predictable-capital-gains-taxation.html

In Budget 2024, the federal government announced changes to capital gains taxation to make Canada’s tax system fairer.

Department of Finance Canada2024-06-10T11:39:20-04:00https://www.canada.ca/en/department-finance/news/2024/06/capital-gains-inclusion-rate.html

One half of a capital gain is currently included in computing a taxpayer's income. This is referred to as the capital gains inclusion rate. The current one-half inclusion rate also applies to capital losses.

Department of Finance Canada2024-06-10T11:39:16-04:00https://www.canada.ca/en/department-finance/news/2024/04/the-new-canadian-entrepreneurs-incentive.html

To start and scale-up a business, entrepreneurs need access to capital. In the early growth stages, accessing the necessary capital to make investments in their workforce, cutting-edge technologies, and new offices, labs, or manufacturing facilities can be difficult. While some entrepreneurs rely on venture capital or loans, the government recognizes funding is not available to all entrepreneurs, and even when available, may not be sufficient.

Department of Finance Canada2024-04-21T14:14:13-04:00https://www.canada.ca/en/department-finance/news/2024/04/fairness-for-younger-generations.html

In Budget 2024, the government is helping to restore fairness for every generation by unlocking access to post-secondary education; investing in the skills of tomorrow; and creating new opportunities for younger Canadians to get the skills they need to get good jobs.

Department of Finance Canada2024-04-16T16:07:52-04:00https://www.canada.ca/en/department-finance/news/2024/04/economic-growth-and-productivity.html

The government’s economic plan is investing in the technologies, incentives, and supports critical for increasing productivity, boosting innovation, and attracting more private investment to Canada.

Department of Finance Canada2024-04-16T16:02:35-04:00https://www.canada.ca/en/department-finance/news/2024/04/more-affordable-homes.html

Budget 2024 lays out a bold strategy to unlock 3.87 million new homes by 2031. This includes a minimum of 2 million net new homes, on top of 1.87 million homes already expected to be built by 2031. Federal actions will support at least 1.2 million new homes, and the federal government is calling on all orders of government to build at least 800,000 more homes by 2031. The federal government’s plan provides incentives for all orders of government, as well as for private and non-profit sector partners, and will build more homes, make it easier to own or rent a home, and help Canadians who can’t afford a home, too.

Department of Finance Canada2024-04-16T16:02:21-04:00https://www.canada.ca/en/department-finance/news/2024/04/safer-healthier-communities.html

Budget 2024 takes action to protect our environment and strengthen our communities, making them safer and healthier places to live, work, and raise a family.

Department of Finance Canada2024-04-16T16:02:16-04:00https://www.canada.ca/en/department-finance/news/2024/04/a-stronger-social-safety-net.html

Budget 2024 takes action to ensure Canada’s social safety net works for every generation, especially for Millennials and Gen Z.

Department of Finance Canada2024-04-16T16:02:14-04:00https://www.canada.ca/en/department-finance/news/2024/04/key-measures.html

Key Measures in Budget 2024: Fairness for Every Generation

Department of Finance Canada2024-04-16T16:02:13-04:00https://www.canada.ca/en/department-finance/news/2024/04/a-fair-future-for-indigenous-peoples.html

A fair Canada is one where the government continues making meaningful progress in the journey of reconciliation by working in partnership with Indigenous Peoples. The federal government continues to prioritize its responsibility to help ensure First Nations, Inuit, and Métis communities have what they need to grow and succeed on their own terms. Budget 2024 invests in the next steps on the path of reconciliation.

Department of Finance Canada2024-04-16T16:02:07-04:00https://www.canada.ca/en/department-finance/news/2024/04/tax-fairness-for-every-generation.html

Canada is one of the wealthiest countries in the world. For generations, this has meant Canada is a place where everyone could secure a better future for themselves and their children. This is in no small part is due to our commitment to progressive taxation. In order to build a fair economy, everyone needs to pay their fair share. To restore fairness for every generation the government is investing in housing; in building the clean, innovative economy of the future; in child care, health care, dental care, and pharma care; in Canada’s security, and Canada’s future. The government is doing this so that young people can have the same opportunities as previous generations. Canada’s future success depends on their success. It is only fair that these important investments are funded by those who have benefited the most from all the opportunity that Canada has to offer.

Department of Finance Canada2024-04-16T16:02:05-04:00https://www.canada.ca/en/department-finance/news/2024/04/growing-small-businesses.html

Small- and medium-sized businesses are an integral engine of Canada’s economy, and they employ about 64 per cent of Canadian workers. Entrepreneurs, local small business, start-ups, growing medium-sized businesses—everywhere in Canada, there are people with good ideas, ready to grow their businesses and create good jobs.

Department of Finance Canada2024-04-16T16:01:58-04:00https://www.canada.ca/en/department-finance/news/2024/03/backgrounder-supporting-canadian-businesses-with-alcohol-excise-duty-relief.html

On March 9, 2024, the federal government announced a two-year extension of the two per cent cap on the annual alcohol excise duty inflation adjustment, and a 50 per cent reduction for two years on excise duty rates for the first 15,000 hectolitres of beer brewed in Canada.

Department of Finance Canada2024-03-09T12:36:45-05:00https://www.canada.ca/en/department-finance/news/2024/02/biographical-notes--werner-liedtke.html

Mr. Werner Liedtke joined the Financial Consumer Agency of Canada (FCAC) in March 2019 as Chief Financial Officer and Assistant Commissioner, Corporate Services.

Department of Finance Canada2024-02-23T07:00:21-05:00https://www.canada.ca/en/department-finance/news/2024/02/canada-carbon-rebate-amounts-for-2024-25.html

In provinces that request it or do not have their own carbon pricing system that meets the federal benchmark, a federal fuel charge is put in place. Currently, the fuel charge applies in the provinces of Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. All direct proceeds are returned within the province where they were collected, primarily through the quarterly Canada Carbon Rebate, directly to Canadians.

Department of Finance Canada2024-02-14T13:10:48-05:00https://www.canada.ca/en/department-finance/news/2024/02/biographical-notes--marie-lemay.html

Ms. Marie Lemay was first appointed as the President and CEO of the Royal Canadian Mint in January 2019. With 20 years of service in senior government positions, she has an extensive background in public administration. Prior to her appointment, Ms. Lemay served as Deputy Minister and Deputy Receiver General for Canada at Public Services and Procurement Canada, from 2016 to 2019.

Department of Finance Canada2024-02-02T16:02:45-05:00https://www.canada.ca/en/department-finance/news/2023/12/terms-and-conditions-imposed-by-the-minister-of-finance-on-the-sale-of-hsbc-bank-canada-to-the-royal-bank-of-canada.html

On December 21, 2023, the federal government granted the regulatory approval to allow the sale of HSBC Bank Canada (HSBC) to the Royal Bank of Canada (RBC).

Department of Finance Canada2023-12-21T19:47:53-05:00https://www.canada.ca/en/department-finance/news/2023/12/biographical-notes--susana-may-yon-lee.html

Ms. Susana Lee is a lawyer qualified in Ontario, New York, and Washington D.C., and a Certified Customs Specialist with experience in trade remedies, customs, and government procurement matters. In addition, Ms. Lee has expertise with Canada’s trade controls, including export and import controls, economic sanctions, and defense-related controlled goods, as well as on regulatory law matters.

Department of Finance Canada2023-12-18T16:10:17-05:00https://www.canada.ca/en/department-finance/news/2023/12/biographical-notes--georges-bujold.html

Mr. Georges Bujold has been a member of the Canadian International Trade Tribunal since October 2018.

Department of Finance Canada2023-12-18T16:10:10-05:00https://www.canada.ca/en/department-finance/news/2023/12/biographical-notes--cheryl-beckett.html

Ms. Cheryl Beckett has been a member of the Canadian International Trade Tribunal since October 2018.

Department of Finance Canada2023-12-18T16:10:04-05:00https://www.canada.ca/en/department-finance/news/2023/12/biographical-notes--alicia-damley.html

Ms. Alicia Damley has over 25 years professional experience which includes defining board governance, corporate oversight and renewal, leading and implementing risk and assurance best practices, and generating investment returns.Ms. Damley began her career as a public accountant at Deloitte, with responsibility for audit and risk assurance services. Over this tenure, she provided a broad range of advisory and forensic services, functional risk assessments, financial reporting and accounting standards reviews, and fraud investigations and resolution.

Department of Finance Canada2023-12-18T16:05:42-05:00https://www.canada.ca/en/department-finance/news/2023/12/biographical-notes--sandra-rosch.html

Ms. Sandra Rosch has been a director of Canada Development Investment Corporation (CDEV) since 2015, serving on the boards and various committees of several of CDEV’s subsidiaries. She is currently Chair of the Canada Enterprise Emergency Funding Corporation.

Department of Finance Canada2023-12-18T16:05:36-05:00https://www.canada.ca/en/department-finance/news/2023/12/biographical-notes--charles-malone.html

Mr. Charles Malone has three decades of experience in major capital project delivery, governance and assurance, health safety and environment (HSE), enterprise risk management, business improvement, organizational change and corporate strategy in the Energy sector and value chain.

Department of Finance Canada2023-12-18T16:05:31-05:00https://www.canada.ca/en/department-finance/news/2023/11/2023-fall-economic-statement-key-measures-to-build-more-homes-support-the-middle-class-and-make-life-more-affordable.html

Key Measures to Build More Homes, Support the Middle Class, and Make Life More Affordable

Department of Finance Canada2023-11-21T16:02:12-05:00https://www.canada.ca/en/department-finance/news/2023/11/canadas-housing-action-plan.html

This year, federal investment in housing is $9 billion higher than it was in 2013-14

Department of Finance Canada2023-11-21T16:02:06-05:00https://www.canada.ca/en/department-finance/news/2023/11/supporting-a-strong-middle-class.html

Over the past year, the federal government has taken further action to make life more affordable for Canadians who need it most.

Department of Finance Canada2023-11-21T16:01:42-05:00https://www.canada.ca/en/department-finance/news/2023/11/building-an-economy-that-works-for-all-canadians.html

The 2023 Fall Economic Statement introduces a series of new measures to advance the government’s economic plan by continuing to build a stronger economy, fight climate change, and create great careers for Canadians—today and for generations to come.

Department of Finance Canada2023-11-21T16:01:30-05:00https://www.canada.ca/en/department-finance/news/2023/10/lowering-energy-bills-for-canadians-across-the-country.html

In order to provide more time and financial support for the roughly 1.1 million homes in Canada using home heating oil, to switch to heat pumps, the government announced that it proposes to temporarily pause the application of the fuel charge on deliveries of heating oil, in all jurisdictions where it currently applies, for a three-year period.

Department of Finance Canada2023-10-27T21:43:48-04:00https://www.canada.ca/en/department-finance/news/2023/10/biographical-notes--ashleigh-everett.html

Ms. Ashleigh Everett has been a member of the Board of Directors of the Canada Pension Plan Investment Board (CPPIB) since February 2017.

Department of Finance Canada2023-10-06T16:28:38-04:00