Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, accompanied by the Honourable Tim Hodgson, Minister of Energy and Natural Resources, the Honourable Julie Dabrusin, Minister of Environment and Climate Change, and Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and Secretary of State (Canada Revenue Agency and Financial Institutions), brought together leaders from Canada’s energy sector in Edmonton to discuss the industry’s role in advancing major nation-building projects and supporting Canada’s economic growth ahead of Budget 2025.
The Honourable Anita Anand, Minister of Foreign Affairs, and the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today announced amendments to the Special Economic Measures (Russia) Regulations to further reduce revenues flowing to Russia from its oil exports. These amendments follow a commitment made by Canada on August 8, 2025, to lower the price cap for Russian oil, after the European Union and the United Kingdom announced similar measures.
Today, the Government of Canada concluded its nationwide consultations ahead of Budget 2025, which will set out the federal government’s plan to support Canadians and Canadian businesses during this time of heightened global challenges while building the strongest economy in the G7.
Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, released for consultation draft legislative proposals that would implement a range of previously announced and other tax measures, including measures that would:
Canada maintains its staunch opposition to Russia’s unjust and unprovoked war against Ukraine and unwaveringly supports the Ukrainian people’s right to defend their freedom, sovereignty, and independence.
The Honourable Anita Anand, Minister of Foreign Affairs, and the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will travel to Mexico City, Mexico from August 5 to 6, 2025 for a bilateral visit aimed at strengthening Canada’s strategic partnership with Mexico.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, held a virtual meeting with provincial and territorial Finance Ministers.
Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, met with Canada’s leading chief economists to exchange views and perspectives on the country’s economic outlook and discuss the government’s plan to build the strongest economy in the G7.
