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.
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.
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.
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.
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.
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.
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.
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.