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Government announces details on new Canadian Entrepreneurs’ Incentive

| Department of Finance Canada | news releases

Today, as part of consultations to advance key budget priorities, the federal government announced new enhancements to the Canadian Entrepreneurs’ Incentive, to ensure innovators and small business owners, including farmers, are rewarded for their hard work.


Government of Canada expanding Markham District Energy’s affordable, low-carbon energy network

| Department of Finance Canada | news releases

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited Markham District Energy—the city’s public energy utility and Canada’s fastest growing energy utility—to highlight how federal investments are expanding Markham’s affordable, low-carbon energy network to more residents and businesses.


Government consults on Budget 2024 commitment to expand opt-in tax jurisdiction for Indigenous governments

| Department of Finance Canada | news releases

Today, the Department of Finance launched consultations on the Budget 2024 commitment to establish an opt-in framework for interested Indigenous governments to impose their own Fuel, Alcohol, Cannabis, Tobacco, and Vaping (FACT) value-added sales taxes. Expanding opt-in tax jurisdiction would enable Indigenous governments to better exercise their tax jurisdiction with more flexibility.


Deputy Prime Minister welcomes $2 billion partnership between Canada Growth Fund and Strathcona Resources to secure Canada’s carbon capture leadership

| Department of Finance Canada | news releases

The Canada Growth Fund and Strathcona Resources—Canada’s fifth-largest oil producer—have agreed to invest up to $2 billion combined to build carbon capture and sequestration infrastructure on Strathcona’s steam-assisted, gravity drainage oil sands facilities in Saskatchewan and Alberta.


Canada launches consultation to protect Canadian workers and electric vehicle supply chains from unfair Chinese trade practices

| Department of Finance Canada | news releases

Auto manufacturing directly supports over 125,000 good-paying Canadian jobs, many of which are unionized. Canada’s electric vehicle (EV) supply chain potential is ranked first in the world—and the federal government is seizing the growth opportunities of EVs to ensure Canadian auto workers can succeed well into the future.


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