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Government of Canada introduces targeted support to help Canada’s airline sector weather global fuel market volatility

| Department of Finance Canada | news releases

Today, the Government is taking further targeted action to support stability in Canada's airline sector during this period of elevated fuel prices. The Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced the launch of the Liquidity for Airline Sector Resilience facility, a new loan program through the Canada Enterprise Emergency Funding Corporation (CEEFC). The facility will offer eligible Canadian airlines experiencing significant financial pressures resulting from elevated jet fuel costs up to $150 million in repayable liquidity support, on an as-needed basis.


Minister Champagne at the Conference of Montreal for a fireside chat

| Department of Finance Canada | media advisories

The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in a fireside chat at the 32nd edition of the Conference of Montreal, alongside Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development.


Canadians to Begin Receiving Enhanced Canada Groceries and Essentials Benefit Starting Today

| Department of Finance Canada | news releases

The world’s economic and trade landscape is undergoing a rapid transformation, thrusting countries, businesses, and workers into a period of uncertainty. Canada’s new government is responding accordingly, with a focus on what we can control: building a stronger economy at home, protecting Canadian jobs and sectors, and making life more affordable.


Canadians to Begin Receiving Enhanced Canada Groceries and Essentials Benefit Starting Today

| Department of Finance Canada | news releases

Today, the Honourable Wayne Long, Secretary of State responsible for the Canada Revenue Agency and Financial Institutions, highlighted that the Canada Revenue Agency (CRA) has begun issuing a one-time top-up payment under the new Canada Groceries and Essentials Benefit, equal to a 50% increase in the annual 2025-26 value of the Goods and Services Tax (GST) Credit.


Secretary of State Long in Halifax to highlight more cost of living support for Canadians

| Department of Finance Canada | media advisories

Halifax, Nova Scotia – The Honourable Wayne Long, Secretary of State responsible for the Canada Revenue Agency and Financial Institutions, will outline the Government of Canada’s plan to build a stronger economy, offset grocery costs, and make life more affordable for Canadians amid great global uncertainty.


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2025-12-23