Canada News Centre2026-03-13T14:21:31-04:00https://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/2026/03/legislation-to-make-life-more-affordable-receives-royal-assent.html

Bill C-4, the Making Life More Affordable for Canadians Act, today received Royal Assent. This legislation brings key affordability measures into law, which will save Canadians hundreds of dollars each year.

Department of Finance Canada2026-03-12T16:30:43-04:00https://www.canada.ca/en/department-finance/news/2026/03/minister-champagne-announces-new-10-cap-on-nsf-fees-and-other-measures-to-lower-banking-costs-for-canadians.html

The Government of Canada is focused on bringing down everyday expenses, including consumer pain points and unnecessary costs that can add up at the end of the month, such as banking fees.

Department of Finance Canada2026-03-11T13:11:09-04:00https://www.canada.ca/en/department-finance/news/2026/03/government-supports-equity-purchase-of-hydro-one-line-to-advance-indigenous-economic-participation.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed the second loan guarantee transaction under the Indigenous Loan Guarantee Program (ILGP).

Department of Finance Canada2026-03-10T16:45:04-04:00https://www.canada.ca/en/department-finance/news/2026/03/government-of-canada-invests-in-new-technologies-to-support-windsor-manufacturer.html

To sustain that leadership, the Government of Canada is focused on supporting the suppliers and manufacturers who form the backbone of this sector—helping them navigate tariff pressures, strengthen their operations, and enhance competitiveness in a rapidly evolving global market. Canada’s mold and machining industries are a key component of this.

Department of Finance Canada2026-03-06T08:59:58-05:00https://www.canada.ca/en/department-finance/news/2026/02/government-launches-consultations-to-strengthen-canadas-automotive-remission-framework.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivizing companies to produce and invest in Canada, ensuring Canada remains a global powerhouse for automotive manufacturing.

Department of Finance Canada2026-02-27T09:59:57-05:00https://www.canada.ca/en/department-finance/news/2026/02/department-of-finance-releases-annual-report-on-federal-tax-expenditures.html

Today, the Department of Finance Canada released its annual estimates of the fiscal cost of federal tax measures in the 2026 Report on Federal Tax Expenditures—Concepts, Estimates and Evaluations.

Department of Finance Canada2026-02-26T10:11:04-05:00https://www.canada.ca/en/department-finance/news/2026/02/government-announces-new-measures-to-help-protect-canadians-and-businesses-against-extortion.html

For too many Canadian individuals and businesses, extortion is a reality of everyday life—one that brings fear, intimidation, and harm to communities and families alike and that undermines Canadians’ sense of safety. These crimes are typically carried out by organized networks operating across borders and using digital platforms. That’s why coordinated action between governments, law enforcement, and financial institutions is essential and at the heart of today’s announcement.

Department of Finance Canada2026-02-19T09:28:44-05:00https://www.canada.ca/en/department-finance/news/2026/02/government-welcomes-canada-growth-fund-investment-in-thompson-nickel-mine0.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed a strategic commitment to invest up to US$85 million (approximately C$116 million) by the Canada Growth Fund as part of a broader transaction to acquire and turn around the Vale Base Metals Thompson Mine Complex.

Department of Finance Canada2026-02-19T08:00:56-05:00https://www.canada.ca/en/department-finance/news/2026/02/minister-champagne-concludes-visit-to-brussels-to-deepen-economic-and-security-partnerships0.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, concluded a productive visit in Brussels, Belgium, to reiterate Canada’s commitment to shared economic prosperity and strengthened collaboration on both sides of the Atlantic. Throughout this visit, Minister Champagne solidified Canada’s strengths as a key partner in transatlantic trade, security, innovation, and defence, while reinforcing a shared commitment to global economic prosperity.

Department of Finance Canada2026-02-16T18:47:47-05:00https://www.canada.ca/en/department-finance/news/2026/02/government-launches-consultations-on-potential-domestic-content-requirement-for-clean-technology-and-clean-electricity-investment-tax-credits.html

As committed to in Budget 2025, the Department of Finance Canada today launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax credits (ITCs).

Department of Finance Canada2026-02-13T15:43:44-05:00https://www.canada.ca/en/department-finance/news/2026/02/minister-champagne-will-travel-to-brussels-to-deepen-economic-and-security-ties-with-european-counterparts-and-private-sector-partners.html

While in Brussels, Minister Champagne will address the Eurogroup at a session on navigating global imbalances in the context of geo-economic risks. This marks a milestone as it is the first time a Canadian Finance Minister has been invited to participate in a meeting of the Eurogroup. The Eurogroup is an informal body that ensures close coordination of economic policies among the euro area member states and promotes conditions for stronger economic growth. It provides a key platform for Canada to align on growth strategies with its closest allies.

Department of Finance Canada2026-02-13T10:56:46-05:00https://www.canada.ca/en/department-finance/news/2026/02/legislation-passes-to-deliver-new-canada-groceries-and-essentials-benefit.html

The global landscape is rapidly changing, leaving economies, businesses, and workers under a cloud of uncertainty.

Department of Finance Canada2026-02-12T18:43:37-05:00https://www.canada.ca/en/department-finance/news/2026/02/canada-successfully-prices-new-green-bond-to-raise-2-billion.html

This week, the Government of Canada successfully priced its sixth issuance of a Canadian-dollar-denominated green bond, raising $2 billion in a new 10-year offering.

Department of Finance Canada2026-02-04T16:09:49-05:00https://www.canada.ca/en/department-finance/news/2026/02/canada-to-launch-sixth-green-bond-issuance.html

The Government of Canada is launching its sixth issuance of Canadian-dollar-denominated green bonds this week, subject to market conditions.

Department of Finance Canada2026-02-02T11:06:08-05:00https://www.canada.ca/en/department-finance/news/2026/01/secretary-of-state-long-highlights-the-new-canada-groceries-and-essentials-benefit.html

Today in Miramichi, the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), took part in an event to highlight how the government is working to make life more affordable, and delivering significant new support for those most affected by the rising price of food.

Department of Finance Canada2026-01-30T12:00:32-05:00https://www.canada.ca/en/department-finance/news/2026/01/government-launches-consultation-on-draft-legislation-for-previously-announced-and-technical-tax-measures.html

The Department of Finance today released for consultation draft legislative proposals to implement a range of previously announced tax measures. The proposed changes aim to clarify and improve tax rules, close gaps to prevent tax avoidance, and ensure existing measures work as intended.

Department of Finance Canada2026-01-29T16:11:06-05:00https://www.canada.ca/en/department-finance/news/2026/01/government-welcomes-canada-growth-fund-investment-in-canadian-cleantech-company-mangrove-lithium.html

Today, the Honourable Jill McKnight, Minister of Veterans Affairs and Associate Minister of National Defence, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed a strategic investment of up to US$65 million (approximately C$89.6 million) by the Canada Growth Fund in Mangrove Water Technologies Inc. (“Mangrove Lithium”), as part of a US$85 million structured financing package with BMW i Ventures and Breakthrough Energy Ventures.

Department of Finance Canada2026-01-15T13:00:15-05:00https://www.canada.ca/en/department-finance/news/2026/01/government-announces-the-2026-automobile-deduction-limits-and-expense-benefit-rates-for-businesses.html

Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2026.

Department of Finance Canada2026-01-14T14:00:02-05:00https://www.canada.ca/en/department-finance/news/2026/01/minister-champagne-to-travel-to-washington-to-meet-with-international-counterparts.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will be in Washington D.C. on January 11 and 12 to participate in a series of meetings with his G7 counterparts and other like-minded countries on trade.

Department of Finance Canada2026-01-11T11:03:02-05:00https://www.canada.ca/en/department-finance/news/2025/12/minister-champagne-emphasizes-canadas-consequential-g7-presidency.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today co-chaired the last meeting of G7 Finance Ministers and Central Bank Governors under Canada’s G7 Presidency, alongside Tiff Macklem, Governor of the Bank of Canada.

Department of Finance Canada2025-12-19T15:00:46-05:00https://www.canada.ca/en/department-finance/news/2025/12/government-provides-crucial-support-to-the-ekati-diamond-mine-amid-trade-uncertainty-protects-northern-workers-and-local-communities-in-the-northwe.html

Tariffs coupled with low global diamond prices, inflationary pressures, and sustained supply chain bottlenecks are proving a challenge to navigate. That’s why the government is responding with a loan to support the Ekati Diamond Mine in the Northwest Territories.

Department of Finance Canada2025-12-18T14:05:30-05:00https://www.canada.ca/en/department-finance/news/2025/12/government-announces-next-steps-toward-made-in-canada-sustainable-investment-guidelines.html

The Government of Canada is committed to mobilizing public and private capital to promote investment in sustainability, as part of the transition to net-zero. Budget 2025 reconfirmed the government’s support for the arm’s-length development of made-in-Canada sustainable investment guidelines, also known as a taxonomy, and committed to the selection of an external organization to lead it by the end of the year.

Department of Finance Canada2025-12-18T09:05:32-05:00https://www.canada.ca/en/department-finance/news/2025/12/minister-champagne-strengthens-trade-and-defence-ties-with-key-european-partners.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded a successful European visit to France, the United Kingdom, and Germany during which he reinforced Canada’s commitment to shared economic prosperity, resilient supply chains, and stronger transatlantic collaboration.

Department of Finance Canada2025-12-17T15:45:06-05:00https://www.canada.ca/en/department-finance/news/2025/12/minister-champagne-to-travel-to-europe-to-advance-economic-partnerships-and-collaboration.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will travel to Europe from December 15 to 18 to meet with European government counterparts, officials, business leaders, and strategic partners to reinforce Canada’s commitment to shared economic prosperity, resilient supply chains, and strengthened collaboration on both sides of the Atlantic.

Department of Finance Canada2025-12-12T16:03:38-05:00https://www.canada.ca/en/department-finance/news/2025/12/government-implements-new-measures-to-protect-canadas-steel-industry.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced the implementation of new measures announced by the Prime Minister on November 26, designed to provide immediate relief and long-term clarity for Canadian manufacturers.

Department of Finance Canada2025-12-12T12:24:40-05:00https://www.canada.ca/en/department-finance/news/2025/12/minister-champagne-meets-with-provincial-and-territorial-finance-ministers-deepens-partnerships-for-a-stronger-economic-future-for-canada.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, hosted a provincial and territorial Finance ministers' meeting in Ottawa. Participants discussed the shared national priority of strengthening Canada's economy and enhancing our global competitiveness in an increasingly divided world, setting a clear course to become the strongest economy in the G7.

Department of Finance Canada2025-12-11T17:56:48-05:00https://www.canada.ca/en/department-finance/news/2025/12/minister-champagne-welcomes-imf-positive-assessment-of-canadas-economic-resilience-and-fiscal-strength.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed the International Monetary Fund (IMF)’s Concluding Statement of the 2025 Article IV Mission.

Department of Finance Canada2025-12-05T12:11:05-05:00https://www.canada.ca/en/department-finance/news/2025/12/government-announces-appointments-to-the-bank-of-canadas-board-of-directors.html

In keeping with this commitment, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced the appointment of Chantal Frappier, Marjolaine Giasson, Sandra L. Hanington, Maureen C. Jensen and Andrew D. Mutch to the Board of Directors of the Bank of Canada, effective November 27, 2025.

Department of Finance Canada2025-12-01T14:44:59-05:00https://www.canada.ca/en/department-finance/news/2025/11/minister-champagne-introduces-legislation-to-implement-budget-2025-canada-strong.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, introduced Bill C-15, Budget 2025 Implementation Act, No. 1, an important first piece of legislation to advance key Budget 2025: Canada Strong priorities.

Department of Finance Canada2025-11-18T16:21:31-05:00https://www.canada.ca/en/department-finance/news/2025/11/government-announces-appointment-to-the-board-of-directors-of-the-canada-development-investment-corporation.html

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.

Department of Finance Canada2025-11-12T08:49:08-05:00https://www.canada.ca/en/department-finance/news/2025/11/secretary-long-highlights-budget-investment-in-new-trade-diversification-corridors-fund-at-port-saint-john.html

In a rapidly changing and uncertain world, Canada’s new government is focused on what we can control.

Department of Finance Canada2025-11-08T09:48:49-05:00https://www.canada.ca/en/department-finance/news/2025/11/minister-champagne-highlights-budget-2025-measures-to-promote-competition-and-affordability.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, highlighted core measures from this week’s Budget 2025 to lower the prices Canadians pay by promoting private sector competition.

Department of Finance Canada2025-11-06T09:24:22-05:00https://www.canada.ca/en/department-finance/news/2025/11/government-of-canada-releases-budget-2025-canada-strong.html

Canada’s new government puts forward a plan to build, protect, and empower Canada

Department of Finance Canada2025-11-04T16:03:38-05:00https://www.canada.ca/en/department-finance/news/2025/10/minister-champagne-clamps-down-on-driver-inc-scheme-in-budget-2025.html

To restore fairness to the sector and ensure workers are receiving the benefits they deserve, Budget 2025 will provide $77.0 million over four years, starting in 2026-27, with ongoing funding of $19.2 million annually, for the Canada Revenue Agency to lift the moratorium on the penalties for failure to report fees for service transactions in the trucking industry and to implement a focused program that addresses non-compliance issues related to personal services businesses and reporting fees for service.

Department of Finance Canada2025-10-30T06:00:02-04:00https://www.canada.ca/en/department-finance/news/2025/10/minister-champagne-announces-funding-to-advance-equality-and-build-safer-more-inclusive-communities-across-canada.html

We are building our economy with major projects and millions more homes, we are empowering Canadians with lower costs and new opportunities to help you get ahead, and we are protecting our communities and our country.

Department of Finance Canada2025-10-29T13:52:56-04:00https://www.canada.ca/en/department-finance/news/2025/10/budget-2025-to-invest-in-canadian-workers.html

Canada has a skilled and adaptable workforce, the most educated in the world. On November 4, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will table Budget 2025 – the government’s plan to deliver generational, transformational investments to grow our economy, empower workers, create high-paying careers, and protect and support those most affected by trade disruptions.

Department of Finance Canada2025-10-27T10:00:03-04:00https://www.canada.ca/en/department-finance/news/2025/10/canada-takes-decisive-action-to-protect-auto-industry-and-workers.html

The Government of Canada is delivering on its commitment to protect Canada’s auto industry and workers. Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, and the Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, the Honourable Mélanie Joly, jointly announced significant reductions to the import quotas of General Motors (GM) and Stellantis.

Department of Finance Canada2025-10-23T20:26:56-04:00https://www.canada.ca/en/department-finance/news/2025/10/minister-champagne-takes-aim-at-financial-scams-and-abuse-announces-anti-fraud-strategy-and-new-financial-crimes-agency.html

In a rapidly changing and uncertain world, Canada’s new government is focused on what we can control. We are protecting our communities and our country. We are building our economy with major projects and millions more homes. We are empowering Canadians with lower costs and new opportunities to help you get ahead. We cannot control what other nations do, but we can control what we choose to build – and we are building Canada Strong.

Department of Finance Canada2025-10-20T11:20:02-04:00https://www.canada.ca/en/department-finance/news/2025/10/canadian-businesses-impacted-by-response-to-us-tariffs-to-benefit-from-relief.html

The Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, today announced relief to support Canadian businesses affected by the countermeasures Canada has announced in response to the tariffs imposed by the United States.

Department of Finance Canada2025-10-17T13:35:58-04:00https://www.canada.ca/en/department-finance/news/2025/10/government-of-canada-announces-appointment-to-the-canada-pension-plan-investment-board.html

In keeping with this commitment, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced the appointment of Stephanie Coyles to the Board of Directors of the Canada Pension Plan Investment Board. This appointment is set for a term of three years, effective October 10.

Department of Finance Canada2025-10-17T09:00:11-04:00https://www.canada.ca/en/department-finance/news/2025/10/minister-champagne-concludes-international-meetings-in-dc-advancing-global-economic-resilience.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, concluded a productive trip to Washington, D.C.

Department of Finance Canada2025-10-16T18:46:31-04:00https://www.canada.ca/en/department-finance/news/2025/10/canada-successfully-prices-green-bonds-to-raise-25-billion.html

This week, the Government of Canada successfully priced its fifth issuance of Canadian-dollar-denominated green bonds, including a new 30-year bond and the re-opening of its 7-year bond issued in February 2025.

Department of Finance Canada2025-10-14T16:02:15-04:00https://www.canada.ca/en/department-finance/news/2025/10/canada-minister-champagne-to-chair-g7-finance-ministers-meetings-in-washington-participate-in-consequential-g20-imf-and-world-bank-group-meetings.html

The G7 Finance Ministers and Central Bank Governors' Meeting, which Minister Champagne will co-chair with Tiff Macklem, Governor of the Bank of Canada, will be an opportunity to discuss the global economy and advance progress on international issues including Russia’s illegal war against Ukraine. The Prime Minister of Ukraine, Yuliia Svyrydenko, and Minister of Finance of Ukraine, Sergii Marchenko, will join for parts of the meeting.

Department of Finance Canada2025-10-14T10:40:22-04:00https://www.canada.ca/en/department-finance/news/2025/10/canada-to-launch-fifth-green-bond-issuance.html

Green bonds unlock private financing to speed up projects such as green infrastructure and nature conservation. Projects funded by green bonds will grow Canada’s economy and create jobs across the country. Mobilizing capital through green bonds is an important tool of Canada’s strategy to achieve net-zero emissions by 2050.

Department of Finance Canada2025-10-08T13:57:33-04:00https://www.canada.ca/en/department-finance/news/2025/10/government-of-canada-modernizes-its-budgeting-approach-to-deliver-generational-investments.html

Government of Canada modernizes its budgeting approach to deliver generational investments

Department of Finance Canada2025-10-06T09:55:22-04:00https://www.canada.ca/en/department-finance/news/2025/10/government-of-canada-announces-appointments-to-the-canada-pension-plan-investment-board.html

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.

Department of Finance Canada2025-10-03T16:46:48-04:00https://www.canada.ca/en/department-finance/news/2025/09/government-of-canada-acts-to-protect-canadian-steel-jobs-announces-support-to-an-industry-leader.html

Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario and Terry Sheehan, Member of Parliament for Sault Ste. Marie—Algoma, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, alongside Will Bouma, Parliamentary Assistant to the Minister of Northern Economic Development and Growth for Ontario, and Bill Rosenberg, Member of Provincial Parliament for Algoma—Manitoulin, announced that the federal and provincial governments have entered into binding term sheet with Algoma Steel Inc. to provide financial support.

Department of Finance Canada2025-09-29T10:39:41-04:00https://www.canada.ca/en/department-finance/news/2025/09/minister-champagne-concludes-consequential-european-trip-strengthens-security-and-trade-ties-with-key-allies.html

As Canada and the European Union mark the 8th anniversary of the Comprehensive Economic and Trade Agreement (CETA), the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded a consequential and productive trip to Copenhagen, Denmark, where he participated in the meeting of European Union (EU) Economy and Finance Ministers (ECOFIN).

Department of Finance Canada2025-09-20T08:08:46-04:00https://www.canada.ca/en/department-finance/news/2025/09/canada-minister-champagne-to-attend-the-eu-finance-ministers-meeting-in-denmark-deepen-trade-ties-and-security-collaboration.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in the Informal Meeting of European Union (EU) Economy and Finance Ministers (ECOFIN) in Copenhagen, Denmark, on September 19 and 20.

Department of Finance Canada2025-09-18T14:21:45-04:00https://www.canada.ca/en/department-finance/news/2025/09/government-announces-appointments-to-the-canada-deposit-insurance-corporation.html

The Government of Canada remains 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.

Department of Finance Canada2025-09-08T16:14:58-04:00https://www.canada.ca/en/department-finance/news/2025/09/shaping-canadas-future-government-concludes-budget-2025-consultations.html

Today, the Government of Canada concluded its nationwide consultations ahead of Budget 2025, which will set out the federal government’s plan to support Canadians and Canadian businesses during this time of heightened global challenges while building the strongest economy in the G7.

Department of Finance Canada2025-09-03T13:32:36-04:00https://www.canada.ca/en/department-finance/news/2025/08/government-releases-draft-legislation-for-previously-announced-tax-measures.html

Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, released for consultation draft legislative proposals that would implement a range of previously announced and other tax measures, including measures that would:

Department of Finance Canada2025-08-15T15:15:01-04:00https://www.canada.ca/en/department-finance/news/2025/08/canada-intends-to-lower-price-cap-for-russian-oil.html

Canada maintains its staunch opposition to Russia’s unjust and unprovoked war against Ukraine and unwaveringly supports the Ukrainian people’s right to defend their freedom, sovereignty, and independence.

Department of Finance Canada2025-08-08T16:02:30-04:00https://www.canada.ca/en/department-finance/news/2025/07/government-launches-consultations-as-part-of-deposit-insurance-framework-review.html

The federal deposit insurance framework safeguards vital elements of Canada’s financial system by protecting Canadians’ deposits in the unlikely event of a bank failure.

Department of Finance Canada2025-07-22T10:02:20-04:00https://www.canada.ca/en/department-finance/news/2025/07/minister-champagne-concludes-successful-g7-and-g20-meetings-in-south-africa.html

With global political and economic uncertainty abounding, strong relationships and cross-continental collaboration with reliable nations has never been more important. Canada is spearheading a new era of collaboration and partnership with nations it can trust and whose priorities it shares.

Department of Finance Canada2025-07-18T13:25:51-04:00https://www.canada.ca/en/department-finance/news/2025/07/canadas-new-government-to-consult-on-its-first-federal-budget.html

In the election, Canadians called for change – and Canada’s new government is moving with urgency to deliver this change. Budget 2025 will spend less and invest more to catalyze private capital, unleash investment, and build the strongest economy in the G7.

Department of Finance Canada2025-07-14T11:31:28-04:00https://www.canada.ca/en/department-finance/news/2025/07/minister-champagne-concludes-visit-to-italy-and-reiterates-canadas-unshakable-support-for-ukraine.html

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded a productive visit to Rome, Italy, where he took part in the fourth Ukraine Recovery Conference and bilateral Canada-Italy discussions.

Department of Finance Canada2025-07-11T11:06:16-04:00https://www.canada.ca/en/department-finance/news/2025/06/government-confirms-non-taxability-of-canada-carbon-rebates-for-small-businesses.html

Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, issued draft legislation to ensure that all Canada Carbon Rebates for Small Businesses are provided tax-free—securing small businesses the full financial benefit of the rebates.

Department of Finance Canada2025-06-30T18:27:17-04:00https://www.canada.ca/en/department-finance/news/2025/06/canada-rescinds-digital-services-tax-to-advance-broader-trade-negotiations-with-the-united-states.html

The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians. Canada’s preference has always been a multilateral agreement related to digital services taxation. While Canada was working with international partners, including the United States, on a multilateral agreement that would replace national digital services taxes, the DST was enacted to address the aforementioned taxation gap.

Department of Finance Canada2025-06-29T21:58:05-04:00https://www.canada.ca/en/department-finance/news/2025/06/canada-acts-to-support-its-steel-producers-and-workers.html

This temporary trade measure will help stabilize the Canadian steel market by addressing the risk that steel originally destined for the United States is redirected to Canada. The combination of tariffs imposed by the U.S. on all steel imports and global overcapacity, caused by non-market practices, has led many exporters to seek new markets. This measure helps manage that pressure without disrupting supply for Canadian users.

Department of Finance Canada2025-06-27T20:41:12-04:00https://www.canada.ca/en/department-finance/news/2025/06/canada-bolsters-its-measures-to-protect-canadian-steel-and-aluminum-workers-and-industries.html

Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced a series of measures to protect Canadian steel and aluminum producers and workers.

Department of Finance Canada2025-06-19T13:37:53-04:00https://www.canada.ca/en/department-finance/news/2025/06/canada-extends-support-to-ukraine-by-waiving-tariffs-on-goods.html

Canada remains steadfast in its support for Ukraine as it fights to defend its sovereignty, territorial integrity, and democracy. The conflict initiated by Russia, with support from Belarus, continues to severely impact Ukraine’s economy, including its ability to export goods globally.

Department of Finance Canada2025-06-06T15:14:55-04:00https://www.canada.ca/en/department-finance/news/2025/05/government-tables-a-motion-to-bring-down-costs-for-canadians.html

Government tables a Motion to bring down costs for Canadians

Department of Finance Canada2025-05-27T13:46:05-04:00https://www.canada.ca/en/department-finance/news/2025/05/g7-finance-ministers-and-central-bank-governors-conclude-productive-meeting-in-banff.html

Today, G7 Finance Ministers and Central Bank Governors concluded their meeting in Banff, Alberta, which is part of Canada’s 2025 G7 Presidency. The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, and Tiff Macklem, Governor of the Bank of Canada, co-chaired the meeting.

Department of Finance Canada2025-05-22T15:03:17-04:00https://www.canada.ca/en/department-finance/news/2025/05/government-of-canada-delivering-middle-class-tax-cut.html

Last month, Canadians called for a serious plan for change to address the rising cost of living that has eroded Canadians’ quality of life. Change that puts more money in the pockets of Canadians. Change that builds a more affordable Canada.

Department of Finance Canada2025-05-14T13:42:44-04:00https://www.canada.ca/en/department-finance/news/2025/04/minister-of-finance-concludes-successful-g7-and-g20-finance-ministers-and-central-bank-governors-meetings-in-washington-dc.html

The Minister of Finance, the Honourable François-Philippe Champagne, concluded his participation in the meetings of the G7 and G20 Finance Ministers and Central Bank Governors, this week in Washington, D.C.

Department of Finance Canada2025-04-24T16:14:39-04:00https://www.canada.ca/en/department-finance/news/2025/04/minister-of-finance-to-co-chair-g7-finance-ministers-and-central-bank-governors-meeting-in-washington-dc.html

As part of Canada’s G7 presidency, the Minister of Finance, the Honourable François-Philippe Champagne, will be in Washington, D.C. this week, to co-chair, with Bank of Canada Governor Tiff Macklem, a meeting of the G7 Finance Ministers and Central Bank Governors. This will be taking place on the margins of the 2025 Spring Meetings of the World Bank Group and International Monetary Fund.

Department of Finance Canada2025-04-22T17:27:57-04:00https://www.canada.ca/en/department-finance/news/2025/04/canada-announces-new-support-for-canadian-businesses-affected-by-us-tariffs.html

The Minister of Finance, the Honourable François-Philippe Champagne, today announced new measures for Canadian businesses and entities affected by the tariff dispute between Canada and the United States.

Department of Finance Canada2025-04-15T09:15:21-04:00https://www.canada.ca/en/department-finance/news/2025/04/canada-announces-entry-into-force-of-countermeasures-against-auto-imports-from-the-united-states.html

The Minister of Finance, the Honourable François-Philippe Champagne, today confirmed that Canada’s new countermeasures announced last week in response to the unjustified tariffs imposed by the United States on the Canadian auto industry will come into force at 12:01 a.m. on April 9.

Department of Finance Canada2025-04-08T14:07:17-04:00https://www.canada.ca/en/department-finance/news/2025/03/government-launches-consultations-on-trade-measures-to-prevent-diversion-of-steel-products-into-canada.html

Today, the Honourable François-Philippe Champagne, Minister of Finance and the Honourable Anita Anand, Minister of Innovation, Science and Industry announced the launch of a 30-day public consultation on possible trade measures to protect against the threat of diversion of steel products from third countries into the Canadian market as a result of the recent trade measures by the U.S.

Department of Finance Canada2025-03-22T18:40:43-04:00https://www.canada.ca/en/department-finance/news/2025/03/government-bolsters-canadas-foreign-reserves-by-issuing-us-dollar-global-bond.html

On March 11, the Government of Canada launched a five-year US$3.5 billion global bond.

Department of Finance Canada2025-03-12T16:24:35-04:00https://www.canada.ca/en/department-finance/news/2025/03/canada-responds-to-unjustified-us-tariffs-on-canadian-steel-and-aluminum-products.html

Following a dollar-for-dollar approach, Canada is imposing, as of 12:01 am, March 13, 2025, 25 per cent reciprocal tariffs on a list of steel products worth $12.6 billion and aluminum products worth $3 billion, as well as additional imported U.S. goods worth $14.2 billion, for a total of $29.8 billion. The list of additional products affected by counter tariffs includes tools, computers and servers, display monitors, sport equipment, and cast-iron products.

Department of Finance Canada2025-03-12T16:12:23-04:00https://www.canada.ca/en/department-finance/news/2025/03/government-of-canada-plans-to-issue-us-dollar-global-bond.html

In Budget 2024, the Government of Canada reiterated its commitment to maintain liquid foreign reserves at or above three per cent of nominal gross domestic product.

Department of Finance Canada2025-03-10T10:39:58-04:00https://www.canada.ca/en/department-finance/news/2025/03/government-strengthens-canadas-anti-money-laundering-framework-with-new-regulatory-amendments.html

Today, the Government of Canada announced the upcoming implementation of new regulatory amendments to strengthen Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) framework and ensure that it is even more robust and effective in addressing threats of financial crime.

Department of Finance Canada2025-03-07T13:06:33-05:00https://www.canada.ca/en/department-finance/news/2025/03/fighting-for-canadian-workers-and-businesses.html

Earlier this week, the United States administration imposed unjustified tariffs on Canada, disrupting a successful trading partnership and raising costs for Americans and Canadians alike. As the federal government, we will use every tool at our disposal so Canadian businesses and workers can weather this storm. We will defend Canadian jobs.

Department of Finance Canada2025-03-07T12:19:13-05:00https://www.canada.ca/en/department-finance/news/2025/03/canada-announces-robust-tariff-package-in-response-to-unjustified-us-tariffs.html

Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that in response to unjustified U.S. tariffs, the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of imported goods, beginning immediately with a list of goods worth $30 billion.

Department of Finance Canada2025-03-04T12:04:03-05:00https://www.canada.ca/en/department-finance/news/2025/03/government-extending-support-for-mineral-exploration-in-canada.html

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced on behalf of the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, that the federal government proposes to extend the 15 per cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional two years, until March 31, 2027.

Department of Finance Canada2025-03-03T12:05:13-05:00https://www.canada.ca/en/department-finance/news/2025/02/government-of-canada-consulting-on-draft-legislative-proposals-to-implement-budget-2024s-electric-vehicle-supply-chain-investment-tax-credit.html

Today, the Department of Finance released for public comment draft legislative proposals (and related explanatory notes) that would implement Budget 2024’s Electric Vehicle (EV) Supply Chain investment tax credit.

Department of Finance Canada2025-02-21T16:00:30-05:00https://www.canada.ca/en/department-finance/news/2025/02/canada-successfully-prices-7-year-green-bond-to-raise-2-billion.html

This week, the Government of Canada successfully priced its third new issuance of Canadian-dollar-denominated green bonds. This $2 billion issuance of a 7-year bond is part of a commitment to regular green bond issuances. This issuance is the fourth offering of Canadian-dollar-denominated green bonds following the prior issuances of a 10-year, $4 billion green bond in February 2024, which was re-opened in October 2024 for an additional $2 billion, and Canada’s first 7.5-year, $5 billion green bond in March 2022.

Department of Finance Canada2025-02-21T14:31:40-05:00https://www.canada.ca/en/department-finance/news/2025/02/government-launches-new-intelligence-sharing-partnership-focused-on-fentanyl-trafficking-and-other-criminal-use-of-funds.html

Yesterday, the Government of Canada convened the first working meeting of the new Integrated Money Laundering Intelligence Partnership (IMLIP). This new partnership will support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada’s big banks. Canada’s newly appointed Commissioner of Canada’s Fight Against Fentanyl, Kevin Brosseau, launched the inaugural meeting and gave opening remarks.

Department of Finance Canada2025-02-20T16:41:08-05:00https://www.canada.ca/en/department-finance/news/2025/02/canada-to-issue-third-green-bond.html

The Government of Canada is announcing its plan to issue its third Canadian-dollar-denominated green bond this week, subject to market conditions.

Department of Finance Canada2025-02-18T10:47:40-05:00https://www.canada.ca/en/department-finance/news/2025/02/government-of-canada-launches-pre-budget-consultations-to-hear-from-canadians.html

The Government of Canada is inviting Canadians to participate in Pre-budget consultations to help shape Budget 2025.

Department of Finance Canada2025-02-14T11:04:34-05:00https://www.canada.ca/en/department-finance/news/2025/02/government-of-canada-announces-next-steps-in-its-response-plan-to-unjustified-us-tariffs.html

Canada will not stand by as the United States imposes unjustified and unreasonable tariffs on Canadian goods. In response, we are moving forward with 25 per cent tariffs on $155 billion worth of imported U.S. products. We will protect Canadian interests and support our workers and industries.

Department of Finance Canada2025-02-02T11:39:53-05:00https://www.canada.ca/en/department-finance/news/2025/02/canada-announces-155b-tariff-package-in-response-to-unjustified-us-tariffs.html

Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of goods in response to the unjustified and unreasonable tariffs imposed by the United States (U.S.) on Canadian goods.

Department of Finance Canada2025-02-01T22:16:55-05:00https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-announces-deferral-in-implementation-of-change-to-capital-gains-inclusion-rate.html

Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of capital gains that is taxable.

Department of Finance Canada2025-01-31T10:15:07-05:00https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-releases-draft-legislation-to-extend-2024-charitable-donations-deadline.html

Today, the Department of Finance released draft legislation (and related explanatory notes) to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year to February 28, 2025.

Department of Finance Canada2025-01-23T13:01:11-05:00https://www.canada.ca/en/department-finance/news/2024/12/government-announces-the-2025-automobile-deduction-limits-and-expense-benefit-rates-for-businesses.html

Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2025.

Department of Finance Canada2024-12-30T12:01:54-05:00https://www.canada.ca/en/department-finance/news/2024/12/government-of-canada-announces-extension-of-2024-charitable-donations-to-february-28-2025.html

Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, along with the Honourable Élisabeth Brière, Minister of National Revenue, announced that the federal government intends to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year, until February 28, 2025.

Department of Finance Canada2024-12-30T10:00:09-05:00https://www.canada.ca/en/department-finance/news/2024/12/federal-government-announces-transfer-of-more-than-100-billion-to-provinces-and-territories.html

Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government will deliver $103.8 billion in major federal transfers to provinces and territories in 2025-26, in addition to other significant financial support. This represents an increase of 4.4 per cent in major transfers compared to 2024-25.

Department of Finance Canada2024-12-23T19:31:04-05:00https://www.canada.ca/en/department-finance/news/2024/12/government-of-canada-releases-2024-fall-economic-statement.html

The Fall Economic Statement includes updates on investments to expand Canada’s social safety net, build more homes, and reduce the costs of essentials like child care, dental care, and prescription medications including insulin and contraceptives.

Department of Finance Canada2024-12-16T17:41:01-05:00https://www.canada.ca/en/department-finance/news/2024/12/boldest-mortgage-reforms-in-decades-come-into-force-today.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted that the federal government’s bold mortgage reforms are coming into force today.

Department of Finance Canada2024-12-15T11:58:37-05:00https://www.canada.ca/en/department-finance/news/2024/12/2024-fall-economic-statement-boosting-innovation-to-create-good-jobs-growth-and-prosperity.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Minister of Export Promotion, International Trade and Economic Development, Mary Ng, announced the 2024 Fall Economic Statement will unlock billions in new capital and include significant new incentives to help businesses grow, innovate, and create good jobs.

Department of Finance Canada2024-12-13T14:34:18-05:00https://www.canada.ca/en/department-finance/news/2024/12/legislation-to-put-more-money-in-your-pocket-receives-royal-assent.html

Specifically, this legislation removes the GST/HST on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, until February 15, 2025.

Department of Finance Canada2024-12-12T18:13:34-05:00https://www.canada.ca/en/department-finance/news/2024/12/2024-fall-economic-statement-making-it-easier-for-homeowners-to-build-secondary-suites.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, announced the 2024 Fall Economic Statement will double the loan limit for the Canada Secondary Suite Loan Program to $80,000, and launch the program in early 2025. This will make it easier for homeowners to convert an unused basement into a rental apartment or a garage into a laneway home to increase density in our communities.

Department of Finance Canada2024-12-10T09:15:21-05:00https://www.canada.ca/en/department-finance/news/2024/12/deputy-prime-minister-announces-240-million-for-cohere-to-scale-up-ai-compute-capacity.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced an investment of up to $240 million in Cohere, a Toronto-based AI leader—the first investment through the new $2 billion Canadian Sovereign AI Compute Strategy launched yesterday.

Department of Finance Canada2024-12-06T14:17:32-05:00https://www.canada.ca/en/department-finance/news/2024/12/government-delivering-a-tax-break-for-all-canadians-and-cracking-down-on-short-term-rentals.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, highlighted how the government is putting more money in your pocket.

Department of Finance Canada2024-12-03T16:31:48-05:00https://www.canada.ca/en/department-finance/news/2024/11/deputy-prime-minister-announces-12-billion-for-toronto-enabling-purchase-of-new-line-2-subway-cars.html

Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the Toronto Transit Commission (TTC) will receive nearly $1.2 billion over the next decade through the Baseline stream of the new Canada Public Transit Fund. She was joined by the Honourable Peter Bethlenfalvy, the Minister of Finance of Ontario, the Honourable Prabmeet Sarkaria, the Minister of Transport of Ontario, and Her Worship Olivia Chow, Mayor of Toronto. The Canada Public Transit Fund is the largest public transit investment in Canadian history with $3 billion in annual federal funding provided to communities across the country.

Department of Finance Canada2024-11-29T13:54:03-05:00https://www.canada.ca/en/department-finance/news/2024/11/government-tables-legislation-to-put-more-money-in-your-pocket.html

The government can’t set prices at the checkout, but it can help Canadians with more money in their pocket. To help them buy the things they need and save for the things they want, today the government introduced Bill C-78, the Tax Break for All Canadians Act in Parliament. Bill C-78 proposes to provide a two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) break for holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts.

Department of Finance Canada2024-11-27T17:41:18-05:00https://www.canada.ca/en/department-finance/news/2024/11/more-money-in-your-pocket.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, and the Honourable Rechie Valdez, Minister of Small Business, announced progress delivering new action to put more money in the pockets of Canadians and small businesses.

Department of Finance Canada2024-11-25T13:19:48-05:00https://www.canada.ca/en/department-finance/news/2024/11/deputy-prime-minister-announces-new-action-to-lower-the-cost-of-housing-for-canadians.html

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, announced significant progress to deliver Canada’s housing plan.

Department of Finance Canada2024-11-19T13:53:42-05:00