| Department of Finance Canada | news releases
The federal deposit insurance framework safeguards vital elements of Canada’s financial system by protecting Canadians’ deposits in the unlikely event of a bank failure.
| Department of Finance Canada | news releases
With global political and economic uncertainty abounding, strong relationships and cross-continental collaboration with reliable nations has never been more important. Canada is spearheading a new era of collaboration and partnership with nations it can trust and whose priorities it shares.
| 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 | media advisories
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in G20 and G7 Finance Ministers and Central Bank Governors' (FMCBG) Meetings, in Durban, South Africa, from July 17 to 18.
| Department of Finance Canada | news releases
In the election, Canadians called for change – and Canada’s new government is moving with urgency to deliver this change. Budget 2025 will spend less and invest more to catalyze private capital, unleash investment, and build the strongest economy in the G7.
| Department of Finance Canada | news releases
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded a productive visit to Rome, Italy, where he took part in the fourth Ukraine Recovery Conference and bilateral Canada-Italy discussions.
| Department of Finance Canada | media advisories
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in the fourth edition of the Ukraine Recovery Conference in Rome, on July 10 and 11.
| 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 | news releases
Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, issued draft legislation to ensure that all Canada Carbon Rebates for Small Businesses are provided tax-free—securing small businesses the full financial benefit of the rebates.
| Department of Finance Canada | news releases
The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians. Canada’s preference has always been a multilateral agreement related to digital services taxation. While Canada was working with international partners, including the United States, on a multilateral agreement that would replace national digital services taxes, the DST was enacted to address the aforementioned taxation gap.
