| Department of Finance Canada | backgrounders
On July 10, 2020, the government proposed to protect jobs and safe operations of junior mining exploration companies, and other flow-through share issuers, by extending the timelines by 12 months for spending the capital they raise via flow-through shares.
| Department of Finance Canada | backgrounders
The Government of Canada does not keep any direct proceeds from pollution pricing. All direct proceeds are returned to the province or territory of origin in the following way:
| Department of Finance Canada | backgrounders
Expanding Tax Support for Business Investment in Zero-Emission Vehicles
| Department of Finance Canada | backgrounders
To provide greater certainty and consistency to taxpayers, Budget 2018 proposed that only one set of tax rules apply to trust arrangements that provide "designated employee benefits". The Budget invited stakeholders to submit comments on how best to transition Health and Welfare Trusts to Employee Life and Health Trusts. On May 27, 2019, the Department of Finance Canada released draft legislative proposals and invited Canadians to submit comments on those proposals.
| Department of Finance Canada | backgrounders
The International Development Association (IDA) is the World Bank Group's principal financing tool for the world's poorest countries, providing them with zero and low-interest loans and grants. One hundred and seventy three member countries oversee the support IDA provides to 74 of the world’s poorest countries. IDA development activities include investments in primary education, basic health care, clean water and sanitation, infrastructure, and other activities that promote equality, economic growth, and better living conditions. All IDA lending is subject to safeguard policies aimed at ensuring that projects do not inadvertently harm people and the environment. For more information, visit the Environmental and Social Framework website.
| Department of Finance Canada | backgrounders
This backgrounder provides information for organizations that have experienced a revenue decline and may qualify for the Canada Emergency Rent Subsidy.
| Department of Finance Canada | backgrounders
On October 9, the government proposed new targeted, direct supports for businesses, non-profits and charities facing ongoing economic challenges amidst the second wave of the COVID-19 pandemic. For organizations significantly affected by a mandatory federal, provincial, or municipal public health order, the government proposed a top-up under the new Canada Emergency Rent Subsidy to provide additional support while they face lockdowns.
| Department of Finance Canada | backgrounders
The government is proposing to further extend the wage subsidy program until June 2021 and implement other enhancements to the program to better respond to the evolving economic and health situation. These proposed changes will make the program more flexible and more generous, and ensure that the program provides continued support to employers and meets the needs of the health and economic situation as it evolves.
| Department of Finance Canada | backgrounders
Canada Emergency Wage Subsidy, Canada Emergency Rent Subsidy and Lockdown Support
| Department of Finance Canada | backgrounders
The government confirmed its intention to extend the wage subsidy until June 2021 and is providing details on the parameters of the wage subsidy that are proposed to apply until December 19, 2020.
