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Statement by the Government of Canada on international tax reform

| Department of Finance Canada | statements

Canada strongly supports international efforts to end the corporate tax race to the bottom and to ensure that all corporations, including the world’s largest corporations, pay their fair share wherever they do business.


Group of creditors of Ukraine

| Department of Finance Canada | statements

The Group of Creditors of Ukraine (GCU) welcomes the agreement in principle reached between Ukraine and its bondholders (ad hoc creditor committee) on Eurobond Debt Restructuring Terms.


G7 Finance Ministers and Central Bank Governors’ Communiqué

| Department of Finance Canada | statements

We, the G7 Finance Ministers and Central Bank Governors, met on 23-25 May 2024 in Stresa, Italy. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. The Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organisation for Economic Cooperation and Development (OECD) and Financial Stability Board (FSB) also took part in the meeting.


G7 Finance Ministers and Central Bank Governors' Statement

| Department of Finance Canada | statements

We, the G7 Finance Ministers and Central Bank Governors, met on 17 April 2024 in Washington, DC, on the margin of the International Monetary Fund and World Bank Group Spring Meetings. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. We were also joined by the Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Financial Stability Board.


Group of Creditors of Ukraine

| Department of Finance Canada | statements

The representatives of the Group of Creditors of Ukraine (GCU) and the Government of Ukraine signed on December 21, 2023 an Amendment to the Memorandum of Understanding (MoU) on Debt Service Suspension of Ukraine concluded on September 14, 2022. This Amendment extends the Debt Service Suspension until the end of March 2027, corresponding to the end of the current IMF program. It aims at implementing the first phase of the financing assurances provided by the GCU on March 24, 2023 to support the approval of the program by the IMF Executive Board of Directors.


Update on federal innovation policies and initiatives

| Department of Finance Canada | statements

Today, the Government of Canada is providing an update on federal support for Canada’s innovation ecosystem, with a focus on improving existing programs that support Canadian businesses.


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