| Department of Finance Canada | backgrounders
No relationship is more important to the federal government than the relationship with Indigenous peoples. The federal government continues to work with Indigenous peoples to build a nation-to-nation, Inuit-Crown, government-to-government relationship—one based on respect, partnership, and recognition of rights.
| Department of Finance Canada | backgrounders
A plan for a long-term recovery must look to challenges and opportunities that lie ahead in the years and decades to come. It must be led by a growth strategy that builds on the unique competitive advantages of the Canadian economy, and make sure that Canada is well-positioned to meet the demands of the next century.
| Department of Finance Canada | backgrounders
The government’s financial support to Air Canada is being provided under the Large Employer Emergency Financing Facility (LEEFF). The Canada Enterprise Emergency Funding Corporation (CEEFC) has committed to provide $4 billion in repayable loans and an equity investment in Air Canada of $500 million in newly-issued Class B Voting Shares at a 15 per cent discount to their recent trading price. CEEFC will also receive warrants on Air Canada stock in an amount equal to 10 per cent of the loan commitments (CEEFC’s news release contains detailed information regarding the warrants).
| Department of Finance Canada | backgrounders
Public health measures needed to contain COVID-19 have greatly impacted municipalities’ revenues and their ability to fund their operations.
| Department of Finance Canada | backgrounders
On March 25, 2021, the federal government introduced legislation to provide an additional $5 billion in direct support to provinces and territories for health care and vaccination roll-out.
| Department of Finance Canada | backgrounders
Businesses, non-profits, and charities that have experienced a decline in revenues while weathering the COVID-19 crisis are eligible for a variety of government support measures including direct subsidies to support workers and pay rent.
| Department of Finance Canada | backgrounders
Today, the Department of Finance released draft legislative proposals that would implement technical amendments to ensure these support programs better support the businesses and workers who are facing challenges as a result of the pandemic.
| Department of Finance Canada | backgrounders
In 2005, to address the unique fiscal circumstances faced by the province of Nova Scotia, the federal government agreed, under the terms of the 2005 Arrangement on Offshore Revenues, to provide time-limited protection to Nova Scotia to offset the negative impact of offshore revenues on its Equalization payments.
| Department of Finance Canada | backgrounders
The Income Tax Act and Income Tax Regulations include a series of rules that determine automobile-related benefits when an employee uses an employer-provided automobile for personal use. Automobile benefits are captured by the standby charge and operating expense benefit, which respectively reflect employer-paid capital and operating expenses.
| Department of Finance Canada | backgrounders
Frédéric Seppey has been the Assistant Deputy Minister of the Market and Industry Services Branch at Agriculture and Agri-Food Canada since January 2018. In this role, he leads a team of more than 260 professionals and is responsible for the business development component of agriculture and agri-food sectors within the Department.
