| Department of Finance Canada | backgrounders
Bill C-2, which received Royal Assent on December 17, 2021, included a new Local Lockdown Program to provide businesses that face temporary new local lockdowns with up to the maximum amount available through the wage and rent subsidy programs.
| Department of Finance Canada | backgrounders
The plan is working: Canada exceeded its goal of creating a million new jobs, well ahead of expectations; Canada has the second-fastest jobs recovery in the G7; and Canada has recouped 106 per cent of the jobs lost at the depths of the pandemic, compared to only 83 per cent in the U.S. Canada is in the midst of a strong recovery from the COVID-19 recession.
| Department of Finance Canada | backgrounders
Canada’s best economic policy continues to be finishing the fight against COVID-19. Millions of Canadians have been doing their part by getting vaccinated, following public health guidelines, and delivering essential services. This has helped prevent further lockdowns. Since the beginning of the pandemic, keeping Canadians safe and healthy has been the government’s top priority. But work remains to end the pandemic.
| Department of Finance Canada | backgrounders
The Government of Canada is focused on making life more affordable for Canadians. Since the spring budget, the federal government has signed Canada-wide early learning and child care agreements with 9 provinces and 1 territory — to help a majority of young Canadian families save thousands of dollars per year, starting next month.
| Department of Finance Canada | backgrounders
This backgrounder provides a high-level overview of the draft legislative proposals for the Digital Services Tax Act (Act) and invites input from stakeholders. For more detail, please refer to the draft legislative proposals.
| Department of Finance Canada | backgrounders
The Government of Canada has taken action to ensure that there is a price on carbon pollution across Canada. To ensure that carbon pollution pricing remains affordable for Canadians, direct proceeds from the federal pollution pricing system are returned to the jurisdictions where they were collected and the majority of proceeds are returned directly to Canadians through Climate Action Incentive (CAI) payments. These payments mean some 8 out of 10 families receive more money back than they pay in direct costs under this system.
| Department of Finance Canada | backgrounders
The Government of Canada’s approach to pricing pollution gives provinces and territories the flexibility to implement the type of system that makes sense for their circumstances, as long as those systems align with minimum national stringency standards, or ‘benchmark’ criteria. By putting a specific price on carbon pollution, the government is giving Canadian businesses certainty and a clear incentive to move towards a net-zero economy, positioning Canada as a leader in the green transition.
| Department of Finance Canada | backgrounders
Types of Business Eligible for the Tourism and Hospitality Recovery Program
| Department of Finance Canada | backgrounders
The wage subsidy, rent subsidy and Lockdown Support are set to expire on October 23, 2021. The passage of the budget implementation act provided the government with the authority to further extend these programs until November 20, 2021.
| Department of Finance Canada | backgrounders
Canada is on the road to economic recovery and employment is now back to pre-pandemic levels. This is thanks to the resilience of employers and hard work of Canadians.
