| Department of Finance Canada | backgrounders
Ms. Byrne has held progressively senior roles at the Canada Deposit Insurance Corporation since 2007, serving this year as Chief Operating Officer. From 2019 to 2025 Ms. Byrne was CDIC’s Vice President, Member Risk & Resolution, and prior to that held several manager and managing director roles.
| Department of Finance Canada | backgrounders
Mr. Glynn has been a member of the Board of Directors of PSP Investments since 2014, including holding the position of Chair of the Board of Directors at PSP Investments.
| Department of Finance Canada | backgrounders
This move comes in response to both U.S. tariffs on steel and global steel overproduction, which are pushing foreign exporters to find new places to sell their steel—including Canada. Strengthening these import limits will help prevent the Canadian market from being overwhelmed with cheap steel, while still making sure Canadian businesses that rely on steel can continue to get the supply they need.
| Department of Finance Canada | backgrounders
In provinces where the fuel charge applied, a portion of fuel charge proceeds from the price on pollution is returned to eligible small- and medium-sized businesses via the Canada Carbon Rebate for Small Businesses, an automatic, refundable tax credit provided directly to eligible businesses. Corporations do not have to apply for the tax credit; the payment amounts are automatically determined by the Canada Revenue Agency (CRA).
| Department of Finance Canada | backgrounders
The Government of Canada announced the implementation of tariff rate quotas (TRQs) on imports of steel mill products from non-free trade agreement partners, effective June 27, 2025. This measure will help stabilize the Canadian market and prevent harmful diversion of foreign steel from third countries into Canada while minimizing impacts on Canadian importers and downstream users.
| Department of Finance Canada | backgrounders
The Government of Canada is proposing legislative amendments that would permanently repeal the fuel charge framework under Part 1 of the Greenhouse Gas Pollution Pricing Act (GGPPA) in the following four phases to ensure an orderly process for charge payers.
| Department of Finance Canada | backgrounders
GST relief for first-time home buyers on new homes valued up to $1.5 million
| Department of Finance Canada | backgrounders
The government is moving forward with the proposal to deliver tax relief for Canadians by reducing the lowest marginal personal income tax rate from 15 per cent to 14 per cent, effective July 1, 2025.
| Department of Finance Canada | backgrounders
List of vehicle products from the United States subject to 25 per cent tariffs effective April 9, 2025
| Department of Finance Canada | backgrounders
The Government of Canada has made regulations that cease the application of the federal fuel charge, effective April 1, 2025, and is also removing requirements for provinces and territories to have a consumer-facing carbon price as of that date.
