This week, the Government of Canada successfully priced its third new issuance of Canadian-dollar-denominated green bonds. This $2 billion issuance of a 7-year bond is part of a commitment to regular green bond issuances. This issuance is the fourth offering of Canadian-dollar-denominated green bonds following the prior issuances of a 10-year, $4 billion green bond in February 2024, which was re-opened in October 2024 for an additional $2 billion, and Canada’s first 7.5-year, $5 billion green bond in March 2022.
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.
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.
Today, the Department of Finance released draft legislation (and related explanatory notes) to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year to February 28, 2025.
Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, along with the Honourable Élisabeth Brière, Minister of National Revenue, announced that the federal government intends to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year, until February 28, 2025.
