| Department of Finance Canada | backgrounders
The government is investing to build homes at a record-breaking pace, helping Canadians find an affordable place to call home, and making the boldest mortgage reforms in decades to lower costs. The government is also working with provinces and territories to protect renters.
| Department of Finance Canada | backgrounders
Canada’s economic potential is dependent on the success of Canadians. The 2024 Fall Economic Statement announces new initiatives to secure economic growth and protect jobs, particularly in light of new economic uncertainties in North America and globally following the U.S. election.
| Department of Finance Canada | backgrounders
The government is investing in productivity and innovation and bringing more Canadians into the workforce. This is part of the government’s economic plan to build a more innovative economy, with more investment opportunities and sustainable wage increases for Canadians. This Fall Economic Statement is also strengthening pro-worker policies to level the playing field.
| Department of Finance Canada | backgrounders
The government is amending the mortgage insurance rules to remove the requirement to apply the minimum qualifying rate on low-ratio mortgages that switch from a federally regulated lender to any new lender at renewal, effective December 16, 2024.
| Department of Finance Canada | backgrounders
The key goal of Canada’s consumer-driven banking framework is to ensure that the financial data of Canadians and small businesses is shared safely and securely. About nine million Canadians currently share their financial data by providing confidential banking credentials to service providers.
| Department of Finance Canada | backgrounders
The Scientific Research and Experimental Development (SR&ED) tax incentives are a proven cornerstone of Canada’s innovation strategy, already supporting over 22,000 businesses.
| Department of Finance Canada | backgrounders
With over $3 trillion in assets, Canadian pension funds are renowned around the world for being well-funded and well-managed, ensuring their long-term ability to provide financial security and dignity to retirees across Canada.
| Fisheries and Oceans Canada | backgrounders
Three projects in the Gaspé Peninsula and the Lower St. Lawrence funded by Fisheries and Oceans Canada (DFO) and the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation du Québec (MAPAQ) under the Quebec Fisheries Fund.
| Natural Resources Canada | backgrounders
On December 13, 2024, Member of Parliament George Chahal announced investments totalling over $152 million for nine clean electricity projects in Alberta through the Smart Renewables and Electrification Pathways Program (SREPs).
| Environment and Climate Change Canada | backgrounders
Canada has established its 2035 greenhouse gas emissions reduction target of 45–50% below 2005 levels. This milestone reinforces Canada’s commitment to tackling the global climate crisis and will shape our next decade of climate action, aligning environmental progress with economic growth.
