Finance

Department of Finance Canada Releases Annual Report on Federal Tax Expenditures

, , Comment Closed

Today the Department of Finance Canada released the 2019 Report on Federal Tax Expenditures—Concepts, Estimates and Evaluations. This report, shared under the Government’s commitment to openness and transparency, provides estimates of the fiscal cost of federal tax measures designed to keep the federal tax system functioning properly and support Canadian families and businesses. …

Read Post →

Minister Morneau in Washington, D.C., to Promote Canada’s Economic Plan and Participate in G20, IMF and World Bank Meetings 

, , Comment Closed

The hard work of Canadians, bolstered by the Government’s ongoing investments in the middle class, has helped drive the unemployment rate to 40-year lows, and affirmed that Canada is a good place to invest and do business. At home and around the world, Canada will continue to work with its global partners in the G20, the International…

Read Post →

Budget 2019: An affordable place to call home 

, , Comment Closed

Every Canadian deserves a safe and affordable place to call home. Yet for too many hard-working Canadians, especially for young people, it feels like an impossibility. There aren’t enough houses for people to buy, or apartments for people to rent. That makes finding a good place to live too expensive – beyond what many people can afford….

Read Post →

Government Takes Next Step in Investing in the Middle Class 

, , Comment Closed

Building on that plan, Finance Minister Bill Morneau today introduced in the House of Commons Bill C-97, the Budget Implementation Act, 2019, No. 1 (BIA 1), which implements a number of measures proposed in Budget 2019. Today’s legislation proposes new measures to help build a better Canada, and help give middle class Canadians more reasons to feel…

Read Post →

Government of Canada Promotes a Well-Functioning Financial System

, , Comment Closed

To that end, the Government today took action to modernize and enhance the Canadian deposit insurance framework so that Canadians can continue to be served effectively by deposit products offered by financial institutions. The amendments released today to the Canada Deposit Insurance Corporation Act (CDIC Act) follow a consultation with Canadians and respond to a Budget 2017…

Read Post →

Official International Reserves

, , Comment Closed

The Department of Finance Canada announced today that Canada’s official international reserves decreased by an amount equivalent to US$1,004 million during March to US$83,416 million. This was driven by reserves management funding operations (-US$1,300 million)1 and a net gain in investments (US$296 million).2 …

Read Post →