| Department of Finance Canada | backgrounders
Small businesses are a key driver of Canada's economy, accounting for 98 percent of all businesses and more than 70 percent of all private sector jobs. The Government of Canada is committed to providing comprehensive and effective support to help businesses grow, invest and create additional good well-paying jobs.
| Department of Finance Canada | backgrounders
The Government is also working to build a fairer and more efficient tax system that benefits all Canadians. 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
The Canadian financial system is one of the safest and soundest in the world. In fact, Canadian banks were able to maintain their access to debt and equity markets through the 2008 global financial crisis while banks from many other nations were frozen out. Nine years later, Canadian banks continue to benefit from an effective and modern regulatory and supervisory regime.
| Department of Finance Canada | backgrounders
Base erosion and profit shifting (BEPS) refers to aggressive tax planning arrangements undertaken by multinational enterprises which, though legal, exploit the interaction between domestic and international tax rules to inappropriately reduce their taxes.
| Department of Finance Canada | backgrounders
The Government is committed to meeting Canadians' demand for health care services.
| Department of Finance Canada | backgrounders
As part of Canada's commitment to engage, collaborate and invest with other global partners on development projects in Asia, the Government of Canada applied for membership in the Asian Infrastructure Investment Bank (AIIB). On March 23, 2017, the AIIB announced its acceptance of Canada's application, which will make our country the AIIB's first North American member.
| Department of Finance Canada | backgrounders
Flow-through shares allow resource companies to renounce or "flow through" tax expenses associated with their Canadian exploration activities to investors, who can deduct the expenses in calculating their own taxable income.
| Department of Finance Canada | backgrounders
In September 2016, anti-dumping duties were imposed on drywall imported from the United States into Western Canada.
| Department of Finance Canada | backgrounders
Federal Proposal to Strengthen Health Care for Canadians
| Department of Finance Canada | backgrounders
Information regarding the role of the Minister of Finance and supporting federal agencies in ensuring financial stability in Canada.
