The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivizing companies to produce and invest in Canada, ensuring Canada remains a global powerhouse for automotive manufacturing.
Today, the Department of Finance Canada released its annual estimates of the fiscal cost of federal tax measures in the 2026 Report on Federal Tax Expenditures—Concepts, Estimates and Evaluations.
For too many Canadian individuals and businesses, extortion is a reality of everyday life – one that brings fear, intimidation and harm to communities and families alike and that undermines Canadians’ sense of safety.
For too many Canadian individuals and businesses, extortion is a reality of everyday life—one that brings fear, intimidation, and harm to communities and families alike and that undermines Canadians’ sense of safety. These crimes are typically carried out by organized networks operating across borders and using digital platforms. That’s why coordinated action between governments, law enforcement, and financial institutions is essential and at the heart of today’s announcement.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed a strategic commitment to invest up to US$85 million (approximately C$116 million) by the Canada Growth Fund as part of a broader transaction to acquire and turn around the Vale Base Metals Thompson Mine Complex.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will make an announcement regarding measures to combat rising occurrences of extortion in Canada. He will be joined by the Honourable Maninder Sidhu, Minister of International Trade, the Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), the Honourable Shafqat Ali, President of the Treasury Board, Mayor Carolyn Parrish, Deputy Chief with the Peel Regional Police, Nick Milinovich, and Sarah Paquet, Director and Chief Executive Officer of the Financial Transactions and Reports Analysis Centre. A media availability will follow.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, concluded a productive visit in Brussels, Belgium, to reiterate Canada’s commitment to shared economic prosperity and strengthened collaboration on both sides of the Atlantic. Throughout this visit, Minister Champagne solidified Canada’s strengths as a key partner in transatlantic trade, security, innovation, and defence, while reinforcing a shared commitment to global economic prosperity.
As committed to in Budget 2025, the Department of Finance Canada today launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax credits (ITCs).