Canadian tax and economy signals

A 2026 CAAT Pension Plan report says Canadians often misread how retirement income works, especially the role of workplace pensions.

The CRA is pointing taxpayers with balances owing to payment arrangements, including an online Manage balance service for some debts of $1,000 or more.

The CRA says two summer changes will affect how disability tax credit applications and older Form T2201 versions are handled.

The one-time top-up is expected to deliver $3.1 billion to 12 million existing GST Credit recipients.

CRA reminded self-employed taxpayers about income reporting, GST/HST registration, benefit eligibility, and online balance-management tools.

CRA warned that scammers time account-access attempts around tax season and published benefit-payment dates.

Finance Canada proposed $42.5 million over five years for CRA to administer Disability Tax Credit access changes.

CRA said a one-time GST/HST credit top-up would be issued June 5, 2026 before Canada Groceries and Essentials Benefit payments began in July.

CRA said online change requests can lead to a notice of reassessment and any refund sooner than paper requests.

CRA said more than 28.5 million returns were filed for the 2026 tax season, with 95.6% filed online.

CRA said more than 16.1 million returns had already been filed by April 12, 2026, including more than 15.4 million through certified software.

The CRA summarized 2026 filing issues and benefit amounts relevant to First Nations, Inuit, and Metis Peoples.

The CRA said 45 drop boxes will close on May 29, 2026, after submissions fell 78% from 2018-2019 to 2024-2025.

CRA warned that generative AI can produce convincing fake tax messages, websites, audio, images, videos, and software code.

CRA reminded lower-income taxpayers that filing a return can unlock refunds, credits, and benefit payments, including through SimpleFile services.

CRA said online filing for 2025 returns opened February 23, 2026, after more than 33 million returns were received in the prior filing season.

CRA listed the 2026 filing dates, digital notice changes, and a new top-up tax credit tied to the first federal tax bracket threshold.

Bill C-19 received Royal Assent, creating a one-time GST-credit top-up and a five-year increase to the Canada Groceries and Essentials Benefit.

CRA said it was adding about 1,700 contact-centre employees after receiving more than 12 million tax-season calls in the prior year.

CRA moved individual representative authorization requests to Represent a Client, with CRA account and notice-of-assessment options for taxpayers.

CRA renewed CVITP grant funding for three years after more than 3,580 organizations and 19,810 volunteers helped file over 1 million returns.

CRA said taxpayers should contact the issuer, not CRA, if a tax slip is missing after the expected deadline.

Finance Canada said the proposed Canada Groceries and Essentials Benefit would build on the GST Credit and provide $11.7 billion in additional support over six years.

CRA reminded taxpayers that major life events can affect benefits, credits, registered accounts, housing rebates, and renovation claims.

Statistics Canada says May farm product prices showed strength in cattle, canola, wheat, and barley, while slaughter hog prices were slightly lower in most provinces.

CRA's prescribed annual rates for July to September 2026 keep overdue income-tax, CPP, EI, GST/HST, UHT, luxury-tax, digital-sales-tax, and global-minimum-tax balances at 7%.

Finance Canada announced a provisional 10% safeguard surtax on global imports of canned vegetables for up to 200 days.

Statistics Canada said new motor vehicle sales fell 6.0% from a year earlier in April, while zero-emission vehicle sales rose 21.2%.

Finance Canada said eligible airlines could receive up to $150 million in repayable liquidity support while temporary aviation-fuel excise relief remains in place.

Finance Canada proposed extending steel tariff-rate quotas and horizontal tariff relief to June 2027, while imports above quota would still face a 50% tariff.

Finance Canada highlighted up to $90 million in loan assistance for C.A.T. through the Large Enterprise Tariff Loan facility.

CRA said eligible small and medium businesses can seek SR&ED pre-claim approval before starting work or incurring project costs.

Finance Canada extended alcohol excise-duty relief for two years, including a 50% rate reduction on the first 15,000 hectolitres of beer brewed in Canada.

CRA set second-quarter 2026 prescribed rates at 7% for overdue income-tax amounts, 3% for corporate overpayments, and 5% for non-corporate overpayments.

The Canada Growth Fund committed $20 million to Solugen as part of a $50 million clean-technology fertilizer financing package.

Finance Canada asked auto-sector stakeholders to comment by April 13, 2026 on possible changes to tariff remission for U.S.-made passenger vehicles.

The Canada Growth Fund committed up to US$85 million, about C$116 million, toward a transaction involving Manitoba's Thompson nickel complex.

Canada Growth Fund announced up to US$65 million for Mangrove Lithium as part of a US$85 million structured financing package.

Finance Canada announced 2026 vehicle deduction limits, tax-exempt kilometre allowances, leasing limits, and taxable-benefit rates for business automobile use.

Statistics Canada says investment in building construction rose 2.3% to $23.6 billion in April, led by residential construction.

Finance Canada says Bill C-26 provides $1.7 billion to provinces and territories to reduce barriers to residential construction.

Finance Canada proposed a $1.7-billion transfer authority aimed at lowering housing-construction barriers in provinces and territories.

CRA said eligible first-time buyers can receive up to $50,000 through the new GST/HST rebate on newly built or substantially renovated homes.

AP reported two early-stage pipeline proposals in July: an Alberta-to-Ontario route aimed at Sarnia and a separate Alberta-to-Pacific-Coast route tied to Asian export markets.

Finance Canada says Ottawa is adding $520 million for Jasper rebuilding work after the 2024 wildfire damaged housing, public assets, and park infrastructure.

Finance Canada says federal and Ontario loan-guarantee programs are supporting about $715 million in financing for First Nations participation in the Darlington New Nuclear Project.

Statistics Canada updated its 2025 Infrastructure Economic Account, including investment, stock, useful life, and economic and environmental impact estimates.

The Bank of Canada joined a BIS project involving eight central banks and more than 40 financial institutions to test tokenized wholesale cross-border payments.

The proposed funding would be added to Fisheries and Oceans Canada's existing annual harbour program budget of about $90 million.

Finance Canada announced $813,739 for a University of New Brunswick port-capacity platform and $30,000 for a Dieppe cybersecurity project.

Finance Canada has opened comment periods on proposed rules for consumer-targeted fraud prevention and consumer-driven banking before final regulations are issued.

Finance Canada says Bill C-30 implements Spring Economic Update measures on fuel excise relief, alcohol duties, the Home Buyers' Plan, labour mobility, CPP contributions, and employee ownership.

The Montreal office had previously received $8 million in federal start-up support through Budget 2022.

Finance Canada asked for comments by July 31, 2026 on extending the Canadian Journalism Labour Tax Credit to audio and audiovisual news production.

Bill S-217 was at second reading in the House of Commons on May 28, 2026 after passing three Senate stages in March.

A 2026 Fraser Institute report says combined federal and provincial net debt is projected to reach $2.44 trillion in 2025/26.

Bill C-31 included automatic tax filing for up to 5.5 million low-income Canadians by the 2028 tax year and crypto-asset reporting rules.

Finance Canada highlighted $17.9 million for FINTRAC and proposed funding for a new Financial Crimes Agency.

The proposal is linked to more than $80 billion in Budget 2025 defence investments and NATO spending targets.

The update included Team Canada Strong, a plan to recruit, train, and hire 80,000 to 100,000 skilled trades workers by 2030-31.

Finance Canada said FINTRAC had worked with 28 enforcement and intelligence units as part of anti-extortion financial-crime measures.

Finance Canada said Canadians reported more than $704 million in fraud losses in 2025, while reported losses since 2022 had surpassed $2.4 billion.

Bill C-15 received Royal Assent, bringing Budget 2025 measures on tax rates, GST/HST housing relief, benefits, clean-energy credits, and worker supports into law.

Finance Canada highlighted a 14% first federal tax bracket, a GST/HST-credit replacement, NSF-fee limits, and first-time buyer housing relief.

Finance Canada released its 2026 report estimating the fiscal cost of federal tax measures, including credits, deductions, deferrals, and exemptions.

Finance Canada announced a counter-extortion partnership and pointed to $1.7 billion in Budget 2025 funding for RCMP capacity.

Finance Canada asked for comments by March 13, 2026 on a possible domestic-content requirement for clean-economy investment tax credits.

Finance Canada released draft legislation covering registered plans, carbon-rebate wind-down rules, clean-economy credits, corporate tax deferral, and hybrid mismatch measures.

CRA's prescribed annual rates for January 1 to March 31, 2026 include 7% on overdue income tax, CPP contributions, and EI premiums.

Statistics Canada says employment was little changed in June, while the unemployment rate edged down to 6.5% and average hourly wages rose 3.3% from a year earlier.

The Bank of Canada says consultation feedback showed strong support for flexible inflation targeting and the 2% inflation target, while many participants raised cost-of-living and housing concerns.

Statistics Canada says inflation rose in May, with gasoline prices, groceries, transportation, and travel-related costs pushing the Consumer Price Index higher.

Statistics Canada says farm sector equity rose 6.5% at the end of 2025, while total farm assets reached about $1.1 trillion.

Statistics Canada said household net worth rose in the first quarter, while the household debt-to-income ratio climbed for a sixth straight quarter to 179.6%.

The Bank of Canada said the financial system continued to function well despite tariffs and trade uncertainty, while warning that several vulnerabilities could combine under stress.

The Bank held the target for the overnight rate at 2.25% for a fifth straight decision, after cutting from 3.00% in January 2025 to 2.25% by October 2025.

The Bank of Canada said mortgage-renewal risk should largely pass by the second half of 2027 after a final wave over the next 12 months.

The Bank of Canada said job growth averaged about 6,000 a month since early 2025, down from almost 34,000 a month in 2024.

The Bank of Canada said major U.S. technology firms doubled AI-related investment from about US$200 billion in 2024 to about US$400 billion in 2025.

Canada Growth Fund committed up to C$145 million to support expansion of North American Lithium in Quebec.

Governing Council discussed oil above US$100 per barrel and the risk that persistent energy prices could require rate increases.

The financing package for Nouveau Monde Graphite totalled US$297 million, or about C$411 million.

Finance Canada priced a new 10-year green bond, raising $2 billion and bringing federal green-bond issuance since March 2022 to $17.5 billion.

CRA warned that tax-season fraud attempts rise as threat actors try to access accounts, file false returns, and claim benefits.

CRA said its 100-day service plan more than doubled unique calls answered and added processing improvements for tax adjustments, DTC applications, and benefit claims.

CRA said it would no longer proactively mail the income tax package and removed several low-use schedules from the 2025 paper package.

CRA warned about critical-illness insurance arrangements that may be designed to let shareholders extract corporate funds without paying tax.

CRA highlighted benefit amounts, FHSA and RRSP housing rules, GST/HST rebates, and registered savings accounts during Financial Literacy Month.

Budget 2025 worker measures include a temporary PSW tax credit, apprenticeship funding, foreign-credential recognition, and tariff-related training support.

CRA reminded taxpayers that the TFSA dollar limit was $7,000 for both 2024 and 2025 and that excess contributions can trigger monthly tax.

CRA reminded self-employed taxpayers that the 2024 filing deadline was June 16, 2025, while any balance owing was due April 30.

CRA's newcomer application update covers GST/HST credit, Canada Carbon Rebate, Canada Child Benefit, and related provincial or territorial payments.

Finance Canada said the lowest federal personal income-tax rate would fall from 15% to 14%, delivering more than $27 billion in savings over five years.

CRA said more than 2 million 2024 change requests were still filed on paper, representing 80% of all adjustment requests.

CRA said 27.8 million 2024 returns had been filed, with 13.9 million refunds issued for more than $30.8 billion.

CRA said 18,090 volunteers helped 857,000 people file more than 980,000 returns, producing over $2.3 billion in benefits and credits.

CRA's Disability Advisory Committee made 18 new recommendations on Disability Tax Credit administration and data transparency.

CRA reminded trusts that T3 returns and Schedule 15, where required, are due no later than 90 days after the trust year-end.

CRA said the prior filing season received more than 33 million returns, almost 93% online, and delivered more than $52 billion in benefits.

CRA said some T3, T4PS, and T5008 information needed recalculation after the proposed capital-gains inclusion-rate date changed.

CRA reminded newcomers that filing a first Canadian return can unlock GST/HST credit, Canada Child Benefit, and related payments.

Finance Canada released draft legislation to let eligible donations made by February 28, 2025 count for the 2024 tax year.

CRA highlighted benefits and credits for adults 65+, including GST/HST credit and up to $7,500 of eligible secondary-unit renovation costs.

CRA highlighted filing, GST/HST credit access, and payroll responsibilities for First Nations, Inuit, and Metis taxpayers and employers.

Finance Canada said Ekati would receive a $115 million loan through the Large Enterprise Tariff Loan facility amid tariff pressure and weak diamond prices.

Finance Canada extended tariff remission for selected steel and aluminum inputs and set new steel-derivative and quota measures effective December 26, 2025.

CRA lifted the moratorium on penalties for failing to report trucking-sector service payments over $500 on T4A slips.

Budget 2025 would provide CRA with $77 million over four years to lift T4A penalty relief and address trucking-sector non-compliance.

Canada reduced General Motors' annual remission quota by 24.2% and Stellantis' quota by 50% under the auto tariff remission framework.

Finance Canada extended tariff exemptions for selected U.S. goods used in manufacturing, processing, food packaging, agriculture, health, safety, and security.

Finance Canada said Algoma Steel would receive $400 million in federal tariff-loan support, with Ontario adding $100 million on matching terms.

CRA prescribed rates for July to September 2025 set overdue income-tax, CPP, EI, GST/HST, UHT, luxury-tax, and digital-services-tax balances at 7%.

More than $2.5 billion in small-business carbon rebates for 2019-20 to 2023-24 would be tax-free, with $623.1 million still to be returned for 2024-25.

Finance Canada announced counter-tariff adjustments, procurement limits, steel TRQs, task forces, and continued access to the $10 billion LETL facility.

Canada extended the Ukraine Goods Remission Order to June 9, 2026, continuing tariff-free importation of Ukrainian goods.

CRA's business deadline reminder covers income tax, GST/HST filing periods, instalments, and the $3,000 threshold used in several payment rules.

Finance Canada announced tariff-remission relief and an auto-remission framework after Canada imposed 25% counter-tariffs on major U.S. imports.

CRA prescribed rates for April to June 2025 set overdue income-tax, CPP, EI, GST/HST, UHT, luxury-tax, and digital-services-tax balances at 8%.

Canada announced $5 billion through EDC, $500 million through BDC, and $1 billion through FCC for businesses affected by tariffs.

Canada began 25% counter-tariffs on $30 billion of U.S. goods and opened consultation on a further $125 billion list.

Finance Canada said extending the Mineral Exploration Tax Credit to March 31, 2027 would provide $110 million for exploration investment.

Finance Canada consulted on draft legislation for a refundable 10% EV Supply Chain investment tax credit announced in Budget 2024.

CRA prescribed rates for January to March 2025 set overdue income-tax, CPP, EI, GST/HST, UHT, luxury-tax, and digital-services-tax balances at 8%.

CRA highlighted FHSA room, the $60,000 Home Buyers' Plan limit, home buyers' amount, HATC, and GST/HST new housing rebate.

Transport Canada said Ottawa-Montreal was chosen as the starting segment for ALTO, a high-speed rail project expected to span about 1,000 kilometres.

Budget 2025 proposes a $5 billion Trade Diversification Corridors Fund and $6 billion for transportation infrastructure.

The Major Projects Office says the proposed Toronto-Quebec City high-speed rail line would span about 1,000 km and support up to 51,000 jobs over 10 years.

Budget 2025 backed a voluntary sustainable-investment taxonomy, with three priority sectors expected by the end of 2026 and three more by fall 2027.

The Canada Health Transfer will rise 5% to $57.4 billion as major federal transfers reach $108.4 billion in 2026-27.

Bill C-15 would implement Budget 2025 measures including the PSW tax credit, clean-economy credits, the Productivity Super-Deduction, and UHT repeal.

Budget 2025 competition measures target telecom switching, consumer-driven banking, account-transfer fees, stablecoins, and financial-sector investment rules.

S-206 was referred to the Standing Senate Committee on National Finance after completing second reading in the Senate on November 6, 2025.

Budget 2025 includes $60 billion in savings and revenues over five years and aims to enable $1 trillion in total investment over five years.

Budget 2025 would create a National Anti-Fraud Strategy and a Financial Crimes Agency after reported fraud losses reached $643 million in 2024.

CRA's Q4 2025 prescribed rates include 7% on overdue income tax, CPP contributions, EI premiums, and many overdue remittances.

Finance Canada said nearly 84,075 Canadians responded to Budget 2025 consultations after meetings in 26 cities and almost 110 roundtables or bilateral meetings.

Finance Canada released draft legislation covering SR&ED, crypto reporting, CRA audit powers, EIFEL relief, business rollovers, and GST/HST coupon input tax credits.

Finance Canada launched consultations on the federal deposit-insurance framework, with comments due September 26, 2025.

Finance Canada said a $200 million disbursement completed Canada's $5 billion contribution under the G7 ERA loans mechanism for Ukraine.

The DST had been announced in 2020, but Canada halted the June 30, 2025 collection while pursuing a July 21 trade-negotiation timeline with the United States.

New AML/ATF amendments extend obligations to factoring, cheque-cashing, financing, and leasing businesses and expand FINTRAC disclosures.

Finance Canada launched an intelligence-sharing partnership on fentanyl financing after a $200 million border-security directive.

Finance Canada deferred the proposed capital-gains inclusion-rate increase to January 1, 2026 while keeping the $250,000 annual threshold proposal.

Canada closed its 2025 G7 finance track with CAD 12 million for crisis resilience, CAD 2 million for debt transparency, and CAD 20 million for the RISE Partnership.

Finance Canada said the IMF projected Canada to have the third strongest G7 growth in 2025, the second strongest in 2026, and the lowest net-debt-to-GDP ratio in the group.

Canada announced $12 million for a World Bank crisis-resilience forum and $2 million for debt-transparency work during Washington finance meetings.

Canada priced $2.5 billion in green bonds, including $1 billion in a new 30-year bond and $1.5 billion reopening a 7-year bond.

G7 finance ministers in Banff backed work on financial crime, Ukraine support, critical minerals, and $24.8 million in Canadian technical assistance commitments.

Canada priced a seven-year green bond to raise $2 billion, following earlier green bond issuances of $5 billion, $4 billion, and $2 billion.

The limits for 2025 cover capital cost allowance ceilings, deductible leasing costs, tax-exempt allowances, and employer benefit rates.

The innovation package combines SR&ED threshold changes, pension-fund rules, a $1 billion venture-capital round, and AI data-centre financing.

CRA explained the temporary GST/HST break that applied from December 14, 2024 to February 15, 2025 to selected holiday and everyday purchases.

CRA said bare trusts would not be required to file a T3 return and Schedule 15 for the 2024 tax year, continuing relief from the expanded trust-reporting rules.

The $2 billion Canada Growth Fund-Strathcona partnership sits alongside federal carbon-contract financing for industrial decarbonization.

CRA clarified that certain psychotherapy and counselling therapy services became GST/HST-exempt as of June 20, 2024.

In Budget 2024, the federal government launched the Canada Disability Benefit, to help improve the financial well-being of over 600,000 low-income persons with disabilities by delivering up to $2,400 in direct support every year.

The CRA reminded Canadians that the TFSA dollar limit was $7,000 for 2024 and remains $7,000 for 2025.

CRA said a simplified filing approach was helping lower-income individuals access benefit and credit payments tied to annual tax filing.

CRA reminded newcomers that filing or applying for benefits can help establish access to GST/HST credit, Canada Carbon Rebate, and child-benefit payments.

The affordability package referenced rent support, grocery-price competition measures, and housing-assistance funding.

CRA summarized federal business tax credits including the Canada Carbon Rebate for Small Businesses, journalism labour credit, SR&ED, film credits, apprenticeship credit, and clean-economy credits.

CRA reminded filers that electronic information returns would change in January 2025, including updated T619 electronic transmittal requirements.

Similarly, China's primary aluminum capacity has grown from 11 per cent of global production share to 59 per cent over the last two decades, with the government investing up to $70 billion between 2013-2017 alone, according to the OECD.

These fee reductions will save eligible small businesses about $1 billion over five years.

CRA used Small Business Week to point businesses toward online registration, My Business Account, payment tools, calculators, and business-credit resources.

In 2023, China's annual EV exports totalled $47.2 billion, up from $0.2 billion in 2018.

Expanding Eligibility to More Small Businesses: Budget 2024 announced that small business corporation shares would be eligible property for the incentive, making eligible entrepreneurs better off when selling business shares worth up to $6.25 million.

CRA told eligible Canadian-controlled private corporations to file their 2023 corporate return by July 15, 2024 to receive the Canada Carbon Rebate for Small Businesses.

CRA revised guidance on income-tax and GST/HST obligations for commercial ridesharing and delivery-service providers.

Futurpreneur Canada programs, supported by $161.5 million in federal funding, had helped more than 17,700 young entrepreneurs launch more than 13,900 businesses.

The new Canadian Entrepreneurs' Incentive will mean entrepreneurs will be better off when earning capital gains of up to $6.25 million, such as from selling their business.

CRA reminded self-employed individuals that income reporting, GST/HST registration, records, deductions, and filing deadlines all matter when business income is earned outside regular employment.

This extension is expected to provide $65 million to support mineral exploration investment.

Finance Canada proposed a two-year cap on alcohol excise-duty inflation adjustments and a temporary beer-duty reduction for the first 15,000 hectolitres brewed in Canada.

The measure also builds on the Multigenerational Home Renovation Tax Credit, which can provide up to $7,500 for constructing a secondary suite for an eligible senior or adult with a disability.

Finance Canada said nearly one million Canadians had opened First Home Savings Accounts, which allow eligible buyers to save up to $40,000 toward a first home.

Finance Canada said eligible first-time buyers purchasing new builds could access insured mortgages with amortizations of up to 30 years.

CRA said applications opened for the 100% federal GST, or federal HST portion, rebate for qualifying new purpose-built rental housing.

Finance Canada said Budget 2024 would raise the Home Buyers' Plan withdrawal limit to $60,000 and extend repayment relief for recent first-time buyers.

CRA summarized tax measures that could apply when taxpayers bought, built, sold, or renovated a home in 2023.

Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.

Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.

Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.

Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.

Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.

The Canada Housing Benefit was co-developed with provinces and territories and launched in 2020 with joint funding of $4 billion over eight years to provide direct financial support to Canadians who are experiencing housing need.

Federal housing measures combined rental-construction financing, municipal agreements, and first-home savings account uptake.

This pause provides more time and financial support for households using home heating oil to switch to heat pumps, and is estimated to save a Canadian household using 1,500 litres of home heating oil $261 in 2023-24;.

For example, a $2,000 basket of qualifying purchases would realize HST savings of up to $260 in Ontario and up to $300 in Newfoundland and Labrador.

In Ontario, a $2,000 basket of qualifying purchases could realize total HST savings of up to $260 over the two-month period.

A new National School Food Program, with $1 billion over five years to provide meals for up to 400,000 more kids each year, ensuring all children have the food they need to have the best start in life, regardless of their family circumstances.

With new tax relief on groceries and holiday expenses and the $250 Working Canadians Rebate, the Government of Canada is reducing costs for Canadians.

In Budget 2024 and Canada's Housing Plan, the federal government announced the most ambitious housing plan-a plan which will build nearly 4 million homes by 2031.

The health measures also stated that more than 2.7 million Canadians are now covered by the Canadian Dental Care Plan and nearly 1 million of them have already had their dental visits covered.

Canada successfully re-opens 10-year green bond to raise an additional $2 billion - Canada.ca.

The Q4 2024 rates include 7% on overdue income-tax, CPP, and EI amounts and 3% for taxable benefits on low-interest loans.

Both of these clean energy projects were made possible by the federal government's Carbon Capture, Utilization, and Storage investment tax credit, which offers tax credits worth up to 60 per cent of eligible expenditures for certain project types.

Canada Growth Fund announced an investment of up to US$100 million, or C$137 million, in Svante to support commercial-scale carbon capture and removal projects.

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.

The consultation covered possible surtaxes under the Customs Tariff and other responses affecting electric-vehicle supply chains.

The Q3 2024 rates include 7% on overdue income-tax, CPP, and EI amounts and 3% for taxable benefits on low-interest loans.

The 10-year carbon contract for difference was described as having the potential to reduce more than 177,000 tonnes of CO2e emissions, with an initial price of $100 per tonne of CO2e.

The consultation covered possible surtaxes under the Customs Tariff and other responses affecting electric-vehicle supply chains.

Modernizing competition law in Canada to help stabilize prices by amending the Competition Act and the Competition Tribunal Act, and building on changes proposed in Bill C-56, which will:.

In Budget 2024, the government announced a 12 per cent increase to vaping excise duty rates.

Next year, all uninsured Canadians between the ages of 18 and 64, with a family income up to $90,000, will be eligible.

Finance Canada announced additional child-care funding for Nova Scotia and Budget 2024 measures to expand not-for-profit child care spaces.

Budget 2024 proposed doubling the volunteer firefighter and search-and-rescue tax-credit amounts from $3,000 to $6,000.

From strengthening Canada's AI advantage with a monumental investment of over $2.4 billion to $600 million for modernizing Scientific Research and Experimental Development tax incentives, Budget 2024 will foster homegrown innovation.

The Q2 2024 rates include 7% on overdue income-tax, CPP, and EI amounts and 3% for taxable benefits on low-interest loans.

The Canada Growth Fund's $50 million investment in Idealist Capital will boost the Idealist Climate Impact Fund's ability to help businesses commercialize technologies, products, and services that will accelerate the clean energy transition.

The Q1 2024 rates include 7% on overdue income-tax, CPP, and EI amounts and 3% for taxable benefits on low-interest loans.

The program is already having a significant impact on affordability saving some families up to $14,300 per child, per year.