| Department of Finance Canada | speeches
Whether it is building more homes, faster, making life more affordable, or growing our economy and creating great careers for people right across Canada, we want to hear about what matters most to Canadians.
| Department of Finance Canada | speeches
Remarks by the Deputy Prime Minister at the Standing Committee on Finance regarding the government’s plan to build more homes, faster
| Department of Finance Canada | speeches
I will first provide an update on our new Tax-Free First Home Savings Account. I will then pass it to Minister Fraser, who will speak about how we are supporting co-op housing providers to build more homes, faster, for Canadians.
| Department of Finance Canada | speeches
All told, our Investment Tax Credit for Carbon Capture, Utilization, and Storage as well as our Investment Tax Credit for Clean Hydrogen will provide up to $400 million in support of this project. That is money that is going to be delivered up-front, to get shovels in the ground on a truly, first-of-its-kind, best-in-class, world-leading facility.
| Department of Finance Canada | speeches
I would like to acknowledge that we are gathered on the traditional and unceded territory of the Musqueam, Squamish, and Tsleil-Waututh peoples.
| Department of Finance Canada | speeches
We are also introducing labour requirements to our Clean Technology, Clean Hydrogen, Clean Electricity, and Carbon Capture, Utilization, and Storage investment tax credits. These requirements are about ensuring that Canadian workers directly benefit from our investment tax credits by requiring businesses who take advantage of these credits to pay a prevailing union wage and to create apprenticeship opportunities if they want to receive the maximum level of benefit from these tax credits.
| Department of Finance Canada | speeches
This legislation is part of our government’s economic plan, which is about building an economy that works for everyone—with good jobs that people can count on.
| Department of Finance Canada | speeches
We’ll keep working—day after day, week after week, month after month, and year after year—to build the homes that Torontonians—and all Canadians—need, expect, and deserve.
| Department of Finance Canada | speeches
By helping to make it more sustainable, our government is helping to ensure that the Brick Works can continue its educational work and become an even more treasured gathering space for the people of Toronto for generations to come.
| Department of Finance Canada | speeches
Our government was elected on a promise to deliver for the middle class. And our economic plan is focused on building an economy that works for everyone—with good jobs that people can count on.
