Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the International Monetary Fund (IMF)’s Staff Concluding Statement of the 2024 Article IV Mission.
The government is committed to tax fairness for Canadians. Today, Canadians pay tax on the income from their job. But currently, they only pay taxes on 50 per cent of capital gains, which is the profit generally made when an asset, such as stocks or a rental property, is sold.
Public transit gets Canadians to where they need to be, creates new Canadian manufacturing and construction jobs, reduces pollution and congestion, makes life more affordable, and keeps Canadians and communities connected as they grow. It’s only fair that Canadians have a fast and affordable way to get around—that’s why the federal government is investing in public transit infrastructure across the country.
To unlock good-paying opportunities for every generation and secure Canada’s position at the forefront of the world’s advanced economies, we need to ensure our homegrown research talent can reach their full potential. To keep making scientific advances—from tech and AI to climate change and marine sciences—students and researchers today need cutting-edge facilities, grants to fund new projects, and more generous scholarships and fellowships to attract top-tier, homegrown talent.
Building an economy with good-paying jobs that helps Canadians—especially Millennials and Gen Z—get ahead requires enabling entrepreneurs to increase productivity and boost innovation. To do this, in Budget 2024, the federal government is taking action to help entrepreneurs scale-up their ideas and seize the opportunities of the global economy to create good jobs.
This week, from May 23 to 25, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the meeting of G7 Finance Ministers and Central Bank Governors hosted by Italy.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance; the Honourable Mark Holland, Minister of Health; and the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, highlighted the federal government’s action to strengthen public health care and ensure Canada’s social safety net lifts up every generation.
Canada and the United States are pleased to announce the renewal of the bilateral Canada-U.S. Energy Transformation Task Force (ETTF) for an additional year.