| Department of Finance Canada | news releases
Yesterday, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, participated in the virtual Asia-Pacific Economic Cooperation (APEC) Informal Finance Ministers’ Meeting with the APEC Business Advisory Council (ABAC).
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Peter Routledge as the next Superintendent of Financial Institutions effective June 29, 2021 for a seven-year term. Mr. Routledge will succeed Jeremy Rudin, who announced, last December, that he would retire from the public service once he concludes his seven-year term.
| Department of Finance Canada | news releases
Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, participated in the virtual Asia-Pacific Economic Cooperation (APEC) Structural Reform Ministerial Meeting (SRMM).
| Department of Finance Canada | news releases
Today, the Department of Finance is launching consultations with stakeholders on the recent federal budget’s proposal to introduce a new investment tax credit for capital invested in carbon capture, utilization, and storage (CCUS) projects. Canadian innovators and engineers have developed some of the leading global technologies for CCUS, which are in demand as more countries take action to fight climate change. Investing in these technologies today is a significant step towards achieving Canada’s climate targets—and a greener, more resilient future for all Canadians.
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, concluded her in-person participation at the two-day G7 Finance Ministers’ Meeting in London, United Kingdom.
| Department of Finance Canada | news releases
Today, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Small Business, Export Promotion and International Trade, the Honourable Mary Ng, announced that the new Canada Recovery Hiring Program, would be available retroactively to June 6, 2021.
| Department of Finance Canada | news releases
This week, on June 4 and 5, 2021, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will take part in the in-person-only meeting of G7 Finance Ministers being held in London, UK.
| Department of Finance Canada | news releases
Today the government is launching consultations with industry stakeholders on its intention to maintain the current alignment between the taxation of profits and the timing of income earning activities.
| Department of Finance Canada | news releases
To address delays in disbursement caused by COVID-19, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, has authorized a one-year extension for the Minister of Natural Resources to disburse 2019-20 federal price on pollution proceeds in Saskatchewan, Manitoba, Ontario, and New Brunswick. The Minister of Natural Resources now has until the end of the 2021-22 fiscal year to invest in eligible energy efficiency projects at schools, hospitals, small- and medium-sized businesses, colleges, universities, municipalities, not-for-profit organizations, or in Indigenous communities in those provinces.
| Department of Finance Canada | news releases
As a result of New Brunswick’s April 2020 action to put in place a price on pollution that meets the federal benchmark, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that she is specifying the Minister of National Revenue return $5.05 million directly to the Government of New Brunswick. These funds are from revenue collected through the federal backstop in 2019-2020, prior to the provincial system being stood up.
