In a rapidly changing and uncertain world, Canada’s new government is focused on what we can control. We are protecting our communities and our country. We are building our economy with major projects and millions more homes. We are empowering Canadians with lower costs and new opportunities to help you get ahead. We cannot control what other nations do, but we can control what we choose to build – and we are building Canada Strong.
Financial fraud impacts everyone and is becoming harder to detect and more prevalent in Canadians’ daily lives. In 2024, the Canadian Anti-Fraud Centre (CAFC) reported that Canadians had $643 million stolen due to fraud, representing nearly a 300 per cent increase since 2020. The CAFC estimates that this figure only represents 5 to 10 per cent of total fraud losses in Canada, given that many victims are reluctant to report fraud.
As we near the halfway point of the Canada Revenue Agency’s (CRA) 100-day Service Improvement Plan, launched on September 2, 2025, we want to update Canadians on our significant progress.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will make an announcement ahead of Budget 2025 on new Government of Canada measures to counter fraud and strengthen Canadians' financial security.
In keeping with this commitment, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced the appointment of Stephanie Coyles to the Board of Directors of the Canada Pension Plan Investment Board. This appointment is set for a term of three years, effective October 10.
The G7 Finance Ministers and Central Bank Governors' Meeting, which Minister Champagne will co-chair with Tiff Macklem, Governor of the Bank of Canada, will be an opportunity to discuss the global economy and advance progress on international issues including Russia’s illegal war against Ukraine. The Prime Minister of Ukraine, Yuliia Svyrydenko, and Minister of Finance of Ukraine, Sergii Marchenko, will join for parts of the meeting.
Filing an income tax return is the gateway for many Canadians to access important financial benefits—like the GST/HST Credit, the Canada Child Benefit, the Canada Disability Benefit , and more —which can help them manage their day-to-day costs. That’s why the Canada Revenue Agency (CRA) will make it easier for Canadians to file a tax return and access key benefits.
Green bonds unlock private financing to speed up projects such as green infrastructure and nature conservation. Projects funded by green bonds will grow Canada’s economy and create jobs across the country. Mobilizing capital through green bonds is an important tool of Canada’s strategy to achieve net-zero emissions by 2050.
Ahead of Budget 2025 being tabled on Tuesday, November 4, media are invited to an embargoed technical briefing held by Department of Finance officials.
