| Department of Finance Canada | news releases
The Department of Finance Canada today released the Annual Financial Report of the Government of Canada for 2018–19. The report provides an overview of the Government’s financial results for the fiscal year ended March 31, 2019.
| 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$888 million during August to US$86,148 million. This was driven by reserves management funding operations (-US$61 million)1, and a net gain in investments (US$949 million)2.
| Department of Finance Canada | news releases
Today, Minister Bill Morneau, Minister Carole James and Minister Selina Robinson announced the members of the Expert Panel on the Future of Housing Supply and Affordability. The panel will be chaired by Joy MacPhail. Ms. MacPhail is currently the Chair of the Insurance Corporation of British Columbia.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau announced the Government of Canada's intention to propose an amendment to the Income Tax Act to clarify eligibility for the CCB. This clarification will ensure that benefits paid to families in shared-parenting arrangements are not stopped or interrupted. The Government intends to introduce in Parliament the legislative proposal accompanying this news release at the earliest opportunity.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau was in Dufferin County and Caledon, where he visited with the Mayor of Caledon, Allan Thompson, and met with local families and business leaders. The Minister listened to the concerns of their communities, and highlighted actions the Government has taken to make life more affordable, such as cutting taxes for the middle class and enhancing benefits for seniors, students and low-income workers.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau was in Timmins, Ontario, where he met with local business leaders during a roundtable event with the Timmins Employer Council, listened to local concerns and talked about what the Government has done since 2015 to support business growth. This includes cutting the small business tax rate from 10.5 per cent to 9 per cent, giving Canada the lowest small business tax rate in the G7. For small businesses, this will mean up to $7,500 in tax savings each year, compared to 2017.
| Department of Finance Canada | news releases
The CBSA is also introducing policy changes that will provide further flexibility to determine whether goods are being dumped into Canada. This will make it easier for the CBSA to compare the price of the goods imported into Canada with the price of the goods sold by the same exporter to a different country, to find whether there is dumping. Changes will also allow the CBSA to better identify dumping that occurs in targeted patterns and is hidden by high prices.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau was in New Glasgow and Stellarton, Nova Scotia, where he met with local business leaders and families to speak about what the Government has done to make life more affordable for Canadians over the past four years. With tax cuts for the middle class and the introduction of the Canada Child Benefit, a typical middle class family of four is now $2,000 better off each year than they were in 2015. The Government has also increased support for students, seniors and low-income workers.
| Department of Finance Canada | news releases
Finance Minister Bill Morneau today announced the appointments of Carole Malo and Robert Wener as new members of the Board of Directors of the Canada Development Investment Corporation (CDEV), for terms of 4 years.
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau was in the Halifax area, where he visited campers at the Cheema Aquatic Club Day Camp and Sackawa Canoe Club. These programs, and others like them, are some of the many ways parents are using their Canada Child Benefit — a tax-free benefit that helps about 3.4 million families with the high cost of raising their children.
