The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, convened a virtual meeting with provincial and territorial Finance Ministers to advance shared priorities and strengthen Canada’s economic resilience.
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.
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.
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.
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.
We began by reiterating our shared commitment to the G7. After 50 years of working together, transcending national differences and promoting global prosperity, the value of the G7 is clear.
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.
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.