Community Business Development Corporations (CBDCs) supporting development of small businesses through tailored financing, mentorship, and training programs.
Funding will enable the CBDCs to offer essential financial assistance, specialized training, expert guidance, and customized local initiatives to the rural businesses, organizations, and communities they support.
Preserving history and fostering economic growth are vital for building vibrant, sustainable communities. The Government of Canada’s investment in local infrastructure and cultural hubs is helping rural Newfoundland and Labrador thrive and attract visitors both near and far.
The Government of Canada is investing more than $970,000 in Corner Brook to help stimulate the local economy, upgrade equipment and infrastructure, explore new opportunities, and improve the quality of life for Atlantic Canadians.
Corner Brook is a vital economic hub on the west coast of Newfoundland and Labrador, serving as a centre of industry, commerce and innovation. The Government of Canada is investing in projects in this region to help strengthen the local economy.
On January 12, 2025, as a result of the vigilance of staff members, packages containing contraband and unauthorized items were seized at Beaver Creek Institution, a multi-level security federal institution.
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.
Yesterday, Chris Forbes, Deputy Minister of Finance, hosted the third briefing with Canadian industry and labour stakeholders, and provincial and territorial representatives on Canada-U.S. economic issues. Arun Alexander, Canada’s Deputy Ambassador to the United States of America, and Shannon Grainger, Assistant Deputy Minister, Portfolio Affairs and Communications, Public Safety Canada, also joined the call.
Today, the Government of Canada, in partnership with the Government of Nova Scotia, is pleased to announce the coming into force of legislation to enable the development of offshore renewable energy for the first time in Canada. This follows the passage of Bill C-49 and Nova Scotia’s mirror legislation, Bill 471, which amended the federal and provincial versions of the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act.