| Department of Finance Canada | backgrounders
The key goal of Canada’s consumer-driven banking framework is to ensure that the financial data of Canadians and small businesses is shared safely and securely. About nine million Canadians currently share their financial data by providing confidential banking credentials to service providers.
| Department of Finance Canada | news releases
The Fall Economic Statement includes updates on investments to expand Canada’s social safety net, build more homes, and reduce the costs of essentials like child care, dental care, and prescription medications including insulin and contraceptives.
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted that the federal government’s bold mortgage reforms are coming into force today.
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Minister of Export Promotion, International Trade and Economic Development, Mary Ng, announced the 2024 Fall Economic Statement will unlock billions in new capital and include significant new incentives to help businesses grow, innovate, and create good jobs.
| Department of Finance Canada | backgrounders
The Scientific Research and Experimental Development (SR&ED) tax incentives are a proven cornerstone of Canada’s innovation strategy, already supporting over 22,000 businesses.
| Department of Finance Canada | backgrounders
With over $3 trillion in assets, Canadian pension funds are renowned around the world for being well-funded and well-managed, ensuring their long-term ability to provide financial security and dignity to retirees across Canada.
| Department of Finance Canada | speeches
Today is a tragic day, it’s a really sad day for all of us. It is an important day of remembrance and I am glad to have the opportunity to share in the sadness and to remember with everyone here, and especially with the women and girls who are here.
| Department of Finance Canada | speeches
Before I begin, I would like to say a few words about the Canadian economy. In October, inflation was at two per cent. That means that for 10 months now, inflation has been within the Bank of Canada’s target range. That’s good news for Canadians. Because of that, interest rates are coming down. Canada was the first G7 country to cut interest rates four times, and that’s also good news for Canadians and Canadian business owners.
| Department of Finance Canada | news releases
Specifically, this legislation removes the GST/HST on holiday essentials, like groceries, restaurant meals, drinks, snacks, children’s clothing, and gifts, from December 14, 2024, until February 15, 2025.
| Department of Finance Canada | speeches
We are making it easier for homeowners to add secondary suites, rental apartments, in-law suites, laneway homes. Today we are announcing we are doubling the loan limit for the Canada Secondary Suite Loan Program to $80,000. This program offers 15-year loan terms at just two per cent. That makes it easier for homeowners to add a secondary suite. It’s going to be administered by CMHC and it will launch in early 2025.
