| Department of Finance Canada | backgrounders
Appropriate authorities need to know who owns which companies in Canada to counter international tax evasion and avoidance, money laundering, and other criminal activities perpetrated through the misuse of corporate vehicles.
| Department of Finance Canada | backgrounders
The current approach to cannabis is not working, and the Government of Canada is committed to legalizing, regulating and restricting access to cannabis to keep it out of the hands of kids, and profits out of the hands of criminals.
| Department of Finance Canada | backgrounders
This technical backgrounder seeks to inform Canadians and stakeholders about the proposed federal excise duty framework on cannabis products and to obtain feedback on its design.
| Department of Finance Canada | backgrounders
Introduced in 2016, the Canada Child Benefit (CCB) is a key initiative of the Government to strengthen the middle class and help those working to join it.
| Department of Finance Canada | backgrounders
The Government's plan is working. The investments we have made in people, in our communities, and in our economy have put more money in the pockets of those who need it most, are creating more well-paying jobs, and are giving Canadians greater confidence in their future.
| Department of Finance Canada | backgrounders
The Working Income Tax Benefit (WITB) is a refundable tax credit that supports low-income workers. This measure provides important income support to low-income Canadians to improve the return from working. In 2016, the WITB provided more than $1.1 billion in benefits to over 1.4 million Canadians.
| Department of Finance Canada | backgrounders
The Government’s plan to invest in the middle class and in the economy is working. Canada is now the fastest growing economy in the Group of Seven (G7) (Chart 1). Consumer confidence and household consumption are the main drivers of this strong growth, thanks in part to the impact of the Canada Child Benefit (CCB). Canada’s economy has created over 450,000 jobs since late 2015, and the unemployment rate has dropped to its lowest level since 2008. Youth unemployment is at a historic low, and gross domestic product (GDP) growth is forecast to be 3.1 per cent in 2017—significantly above expectations at the beginning of the year.
| Department of Finance Canada | backgrounders
The Government of Canada is working to build a fairer tax system that benefits the middle class and those working hard to join it. As one of its first actions, the Government raised taxes on the wealthiest one per cent in order to cut taxes for the middle class. As well, the Government’s first budget replaced the previous child benefit system with the Canada Child Benefit, which is simpler, more generous, and better-targeted to those who need it most.
| Department of Finance Canada | backgrounders
Venture capital is a type of private equity financing that focuses on start-ups and young firms with high growth potential. In addition to capital, venture capital fund managers bring operational experience, technical knowledge, networks and mentorship to the firms in which they invest. A strong and steady stream of venture capital is essential to the success of many Canadian start-ups.
| Department of Finance Canada | backgrounders
The Government of Canada supports farming and farm families through a number of measures, which include both supports in the tax system and non-tax assistance.
