In keeping with this commitment, Finance Minister Bill Morneau today announced the appointment of Andrew Kriegler to the Board of Directors of the Canada Deposit Insurance Corporation (CDIC). Mr. Kriegler served as a member of the Board of Directors of CDIC from 2013 to 2014 and is a member of CDIC'S Advisory Panel. Further biographical details are available below.
Today, the Department of Finance Canada released for a 30-day public consultation period draft legislative proposals that would deliver on this commitment by removing the quantitative limits on political activities from the Income Tax Act. Under these draft legislative proposals, charities would still be required to be constituted and operated for exclusively charitable purposes, meaning they cannot have a political purpose, and restrictions against partisan political activities would remain.
By this time next year, a typical middle class family of four will receive, on average, about $2,000 more each year, as a result of the middle class tax cut and the Canada Child Benefit. Because of these changes, more families will be able to pay for things like healthy food, back-to-school clothes, and new winter boots for growing kids.
The Department of Finance Canada announced today that Canada's official international reserves decreased by an amount equivalent to US$579 million during August to US$81,238 million.
In a meeting today with business leaders from Vancouver and across the province, Finance Minister Bill Morneau noted that while the Canadian economy is doing well—Canada led the G7 in growth last year, and the unemployment rate remains at record lows—the Government understands that businesses are anxious about what the future holds. Business leaders shared their concerns, and talks focused on how the Government and the business community can work together to build a more competitive Canada that works for everyone.
That's the message Finance Minister Bill Morneau took to Victoria, British Columbia, where today he met with local business leaders at an event hosted by the Greater Victoria Chamber of Commerce.
As part of his cross-country discussions with Canadians, Finance Minister Bill Morneau met today with business leaders from Calgary and across Alberta to talk about how the Government and the business community can better work together and adapt strategically to build a more competitive Canada that works for everyone.
Today, the Honourable Diane Lebouthillier, Minister of National Revenue, and the Honourable Bill Morneau, Minister of Finance, issued the following joint statement on the Government of Canada’s commitment to clarify the rules governing the political activities of charities:
The Government of Canada continues to protect Canada's steel industry and stand up for Canadian workers, by taking further steps to prevent diversion of foreign steel products into Canada.
The Government recognizes that Canada's auto manufacturing sector, which employs more than 130,000 hard-working Canadians, is a major contributor to the Canadian economy. Today, Finance Minister Bill Morneau took this message to Windsor, Ontario, where he toured the Fiat Chrysler Automotive Assembly Plant and met with local business leaders at the Windsor-Essex Regional Chamber of Commerce.
