| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, pursuant to her authorities under the Bank Act, approved the sale of HSBC Bank Canada (HSBC) to Royal Bank of Canada (RBC), subject to strict terms and conditions imposed on RBC.
| Department of Finance Canada | news releases
Today in Calgary, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the announcement of the second investment by the Canada Growth Fund—and the world’s first carbon credit offtake agreement of its kind.
| Department of Finance Canada | news releases
The Government of Canada is continuing to deliver its economic plan by today launching consultations to advance major economic investment tax credits and create good jobs, crack down on short term rentals and make housing more affordable, and ensure the fairness of Canada’s tax system.
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Susana Lee as a member of the Canadian International Trade Tribunal (CITT), as well as the reappointment of Cheryl Beckett and Georges Bujold. All three appointments are for five-year terms.
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Alicia Damley and Charles Malone to the Canada Development Investment Corporation (CDEV) Board of Directors for four-year terms, as well as the reappointment of Sandra Rosch for a three-year term.
| Department of Finance Canada | news releases
Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates for 2024.
| Department of Finance Canada | news releases
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced that the federal government will deliver an historic $99.4 billion in major federal transfers to provinces and territories in 2024-25, in addition to other significant financial support provided by the federal government. This represents an increase of $4.8 billion in major transfers from 2023-24.
| Department of Finance Canada | news releases
Today, Bill C-56, the Affordable Housing and Groceries Act, received Royal Assent.
| Department of Finance Canada | news releases
The government’s economic plan is building more homes, faster, making life more affordable, and creating good jobs for Canadians from coast to coast to coast. The suggestions received from Canadians will ensure that the government can address the challenges that matter most to Canadians and build an economy that works for everyone.
| Department of Finance Canada | news releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, announced that more than 300,000 Canadians have opened a Tax-Free First Home Savings Account since April 1, 2023, which is making it more affordable for them to save for a down payment.
