Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the Government of Canada will provide a record $87.6 billion in major transfer funding for provinces and territories in 2022-23. This represents an increase of over $3.7 billion from 2021-22. All provinces and territories will receive a year-over-year increase in total major transfer amounts.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the Economic and Fiscal Update 2021. The document provides Canadians with a transparent report of the nation’s finances and updates Canadians on the government’s plan to finish the fight against COVID-19, support Canadians and Canadian businesses, and ensure a strong recovery for everyone.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the release of draft regulatory proposals under the Greenhouse Gas Pollution Pricing Act, that integrate Ontario’s Emissions Performance Standards (EPS) facilities with the federal fuel charge, for 2022. This allows Ontario’s EPS facilities to register as an emitter, allowing them to obtain fuel without the federal fuel charge applying, given they will be subject to the provincial system. Output-based pricing systems like Ontario’s or the federal government’s ensure that as we move towards a net-zero emissions economy, we are protecting the competitiveness of Canadian businesses and supporting good jobs.
With one of the most successful vaccination campaigns in the world, restrictions are carefully being eased in our communities and at our border. Businesses across the country are safely reopening, the economy is rebounding, over a million jobs have been created, and employment is back to pre-pandemic levels. That’s why, last month, the government announced it is pivoting from broad-based economic support to targeted measures that provide support where it is needed, in order to create jobs and growth and prudently manage government spending.
In the coming days, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will travel to Rome to attend the G20 Joint Finance and Health Ministers’ Meeting and support the Prime Minister at the G20 Leaders Summit. The Deputy Prime Minister will then travel to the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) in Glasgow, United Kingdom.
With one of the most successful vaccination campaigns in the world, many businesses safely reopening, and employment now back to pre-pandemic levels, Canadians have reached a turning point in the fight against COVID-19. The government has now surpassed its target of creating a million new jobs. Canada is on the road to economic recovery—but some areas of the country and economy continue to need targeted support.
This week the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, successfully concluded a trip to Washington, D.C., where she attended the Annual Meetings of the World Bank Group and the International Monetary Fund and the G7 and G20 Finance Ministers’ and Central Banks Governors’ Meetings, as well as meetings of the International Monetary and Financial Committee.
This week, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), in Washington, D.C.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development, and the Honourable Dustin Duncan, Saskatchewan Minister of Education, announced an agreement that will support an average of $10 a day early learning and child care for Saskatchewan families by the end of 2025-26. By the end of 2022, Saskatchewan families will see a 50 per cent reduction in average parent fees for children under age six in regulated child care.
