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Canada extends support to Ukraine by waiving tariffs on goods

| Department of Finance Canada | news releases

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.


Minister Champagne to launch the Conference of Montreal

| Department of Finance Canada | media advisories

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in the Opening Fireside Chat of the 31st Edition of the Conference of Montreal.


Removing the consumer carbon price from Canadian law

| Department of Finance Canada | backgrounders

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.


Delivering a middle-class tax cut

| Department of Finance Canada | backgrounders

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.


G7 Finance Ministers and Central Bank Governors conclude productive meeting in Banff

| Department of Finance Canada | news releases

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.


Minister of Finance to Co-Host G7 Finance Ministers and Central Bank Governors’ Meeting in Banff

| Department of Finance Canada | media advisories

As part of Canada’s G7 Presidency, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, and Bank of Canada Governor Tiff Macklem, will co-host the G7 Finance Ministers and Central Bank Governors’ Meeting in Banff, Alberta, from May 20 to 22. They will be joined by Finance Ministers and Central Bank Governors from the G7 countries (France, Germany, Italy, Japan, United Kingdom, United States) and the European Union.


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