| Department of Finance Canada | news releases
Canada's federal, provincial and territorial Finance Ministers gathered in Ottawa today for their semi-annual meeting and made good progress on a number of shared priorities.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau released the 2019 Economic and Fiscal Update, which outlines the current state of Canada's economy, and provides an update on the Government's economic and fiscal outlook. In his remarks, Minister Morneau noted that:
| Department of Finance Canada | news releases
Today, Minister of Finance Bill Morneau announced the 2020 Climate Action Incentive payment amounts for residents of provinces that have not adopted the federal system or otherwise met the federal stringency requirements for pricing carbon pollution: Ontario, Manitoba, Saskatchewan and Alberta. Individuals will be able to claim these amounts through their 2019 personal income tax returns.
| Department of Finance Canada | news releases
Following the release of the 2019 Economic and Fiscal Update, which shows that Canada's economy continues to grow at a solid pace, Canada's federal, provincial and territorial Finance Ministers will meet today and tomorrow in Ottawa.
| Department of Finance Canada | news releases
Today in Toronto, Minister of Finance Bill Morneau visited The Children's Book Bank to discuss the Government's recent proposal, announced on December 9, 2019, to lower taxes for the middle class, and people working hard to join the middle class, by increasing the Basic Personal Amount (BPA) to $15,000 by 2023.
| Department of Finance Canada | news releases
Building on the success of the 2015 middle class tax cut that lowered taxes for more than nine million Canadians, the Government of Canada is moving forward with a proposal that would put more money in the pockets of Canadians. Today, Finance Minister Bill Morneau tabled in the House of Commons a Notice of Ways and Means Motion that proposes to amend the Income Tax Act to lower taxes for the middle class, and people working hard to join the middle class, by increasing the Basic Personal Amount (BPA) to $15,000 by 2023.
| Department of Finance Canada | news releases
Canadians understand that pollution is not free, and that when it comes to climate change, doing nothing will cost us all. That's why the Government of Canada took action to make sure that there is a price on carbon pollution across the country. Pollution pricing will help to protect Canadians from the costs and dangers presented by climate change and support the transition towards a more innovative low-carbon economy, while ensuring that polluters pay.
| Department of Finance Canada | news releases
The Department of Finance Canada announced today that Canada's official international reserves decreased by an amount equivalent to US$502 million during November to US$85,013 million. This was driven by reserves management funding operations (US$59 million)1 and a net loss in investments (-US$561 million).2
| Department of Finance Canada | news releases
The Department of Finance Canada announced today that Canada's official international reserves increased by an amount equivalent to US$277 million during October to US$85,515 million. This was driven by reserves management funding operations (-US$407 million)1 and a net gain in investments (US$684 million).2
| Department of Finance Canada | news releases
The Department of Finance Canada announced today that Canada’s official international reserves decreased by an amount equivalent to US$910 million during September to US$85,238 million. This was driven by reserves management funding operations (-US$387 million)1 and a net loss in investments (-US$523 million).2
