Today, the federal government is moving forward with consultations to advance key budget priorities to build more homes, boost economic growth, improve tax fairness, and ensure Canada’s financial sector works for all Canadians.
This week, from July 24 to 26, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will attend meetings of G7 and G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited Markham District Energy—the city’s public energy utility and Canada’s fastest growing energy utility—to highlight how federal investments are expanding Markham’s affordable, low-carbon energy network to more residents and businesses.
Today, the Department of Finance launched consultations on the Budget 2024 commitment to establish an opt-in framework for interested Indigenous governments to impose their own Fuel, Alcohol, Cannabis, Tobacco, and Vaping (FACT) value-added sales taxes. Expanding opt-in tax jurisdiction would enable Indigenous governments to better exercise their tax jurisdiction with more flexibility.
The Canada Growth Fund and Strathcona Resources—Canada’s fifth-largest oil producer—have agreed to invest up to $2 billion combined to build carbon capture and sequestration infrastructure on Strathcona’s steam-assisted, gravity drainage oil sands facilities in Saskatchewan and Alberta.
Auto manufacturing directly supports over 125,000 good-paying Canadian jobs, many of which are unionized. Canada’s electric vehicle (EV) supply chain potential is ranked first in the world—and the federal government is seizing the growth opportunities of EVs to ensure Canadian auto workers can succeed well into the future.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the announcement of the Canada Growth Fund’s fifth investment.
High-speed internet access is more essential than ever to keep Canadians connected. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted that the Canada Infrastructure Bank (CIB) has invested more than $2 billion in eight internet service providers. This investment is supporting high-speed internet projects, connecting 430,000 more rural and remote Canadians households.
Auto manufacturing directly supports over 125,000 good-paying Canadian jobs, many of which are unionized. Canada’s electric vehicle (EV) supply chain potential is ranked first in the world—and the federal government is seizing the growth opportunities of EVs to ensure Canadian auto workers can succeed well into the future.