Yesterday, the Department of Finance hosted a recurring briefing with Canadian industry and labour stakeholders, as well as provincial and territorial representatives on Canada-U.S. economic issues. A representative from the Embassy of Canada to the United States also joined the call.
Yesterday, the Government of Canada convened the first working meeting of the new Integrated Money Laundering Intelligence Partnership (IMLIP). This new partnership will support the permissible sharing of money laundering and organized crime intelligence between law enforcement and Canada’s big banks. Canada’s newly appointed Commissioner of Canada’s Fight Against Fentanyl, Kevin Brosseau, launched the inaugural meeting and gave opening remarks.
Today, Chris Forbes, Deputy Minister of Finance, hosted a briefing with Canadian industry and labour stakeholders, as well as provincial and territorial representatives, on Canada-U.S. economic issues. Arun Alexander, Canada’s Deputy Ambassador to the United States of America, also joined the call.
The Government of Canada will host a media technical briefing regarding Canada’s response to the tariffs imposed by the United States on Canadian goods. Government officials in attendance will be available to answer questions from journalists. Their responses will be provided on a not-for-attribution basis.
Canada will not stand by as the United States imposes unjustified and unreasonable tariffs on Canadian goods. In response, we are moving forward with 25 per cent tariffs on $155 billion worth of imported U.S. products. We will protect Canadian interests and support our workers and industries.
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that the Government of Canada is moving forward with 25 per cent tariffs on $155 billion worth of goods in response to the unjustified and unreasonable tariffs imposed by the United States (U.S.) on Canadian goods.
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of capital gains that is taxable.