Farm Prices Mixed in May
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.
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Business
CRA Q3 Prescribed Rates
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%.
BusinessCanned Vegetable Safeguard Tariff
Finance Canada announced a provisional 10% safeguard surtax on global imports of canned vegetables for up to 200 days.
BusinessVehicle Sales Fall as ZEVs Rise
Statistics Canada said new motor vehicle sales fell 6.0% from a year earlier in April, while zero-emission vehicle sales rose 21.2%.
BusinessAirline Fuel-Cost Support
Finance Canada said eligible airlines could receive up to $150 million in repayable liquidity support while temporary aviation-fuel excise relief remains in place.
BusinessSteel and Aluminum Tariff Relief
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.
BusinessTariff Loan for Logistics Company
Finance Canada highlighted up to $90 million in loan assistance for C.A.T. through the Large Enterprise Tariff Loan facility.
BusinessSR&ED Pre-Claim Approval
CRA said eligible small and medium businesses can seek SR&ED pre-claim approval before starting work or incurring project costs.
BusinessAlcohol Excise Duty Relief Extended
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.
BusinessCRA Prescribed Rates Q2 2026
CRA set second-quarter 2026 prescribed rates at 7% for overdue income-tax amounts, 3% for corporate overpayments, and 5% for non-corporate overpayments.
BusinessClean Fertilizer Investment
The Canada Growth Fund committed $20 million to Solugen as part of a $50 million clean-technology fertilizer financing package.
BusinessAuto Tariff Remission Consultation
Finance Canada asked auto-sector stakeholders to comment by April 13, 2026 on possible changes to tariff remission for U.S.-made passenger vehicles.
BusinessThompson Nickel Mine Investment
The Canada Growth Fund committed up to US$85 million, about C$116 million, toward a transaction involving Manitoba's Thompson nickel complex.
BusinessCanada Growth Fund Lithium Investment
Canada Growth Fund announced up to US$65 million for Mangrove Lithium as part of a US$85 million structured financing package.
Business2026 Automobile Deduction Limits
Finance Canada announced 2026 vehicle deduction limits, tax-exempt kilometre allowances, leasing limits, and taxable-benefit rates for business automobile use.
BusinessEkati Diamond Mine Support
Finance Canada said Ekati would receive a $115 million loan through the Large Enterprise Tariff Loan facility amid tariff pressure and weak diamond prices.
BusinessSteel Tariff Measures Implemented
Finance Canada extended tariff remission for selected steel and aluminum inputs and set new steel-derivative and quota measures effective December 26, 2025.
BusinessTrucking T4A Penalties Resume
CRA lifted the moratorium on penalties for failing to report trucking-sector service payments over $500 on T4A slips.
BusinessDriver Inc. Compliance Funding
Budget 2025 would provide CRA with $77 million over four years to lift T4A penalty relief and address trucking-sector non-compliance.
BusinessAuto Remission Quotas Cut
Canada reduced General Motors' annual remission quota by 24.2% and Stellantis' quota by 50% under the auto tariff remission framework.
BusinessTariff Relief for Businesses
Finance Canada extended tariff exemptions for selected U.S. goods used in manufacturing, processing, food packaging, agriculture, health, safety, and security.
BusinessAlgoma Steel Tariff Support
Finance Canada said Algoma Steel would receive $400 million in federal tariff-loan support, with Ontario adding $100 million on matching terms.
BusinessCRA Q3 Interest Rates
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%.
BusinessCarbon Rebates Made Tax-Free
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.
BusinessSteel and Aluminum Measures
Finance Canada announced counter-tariff adjustments, procurement limits, steel TRQs, task forces, and continued access to the $10 billion LETL facility.
BusinessUkraine Goods Tariff Waiver
Canada extended the Ukraine Goods Remission Order to June 9, 2026, continuing tariff-free importation of Ukrainian goods.
BusinessBusiness Tax Deadlines
CRA's business deadline reminder covers income tax, GST/HST filing periods, instalments, and the $3,000 threshold used in several payment rules.
BusinessTariff Support for Businesses
Finance Canada announced tariff-remission relief and an auto-remission framework after Canada imposed 25% counter-tariffs on major U.S. imports.
BusinessCRA Q2 Interest Rates
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%.
BusinessTrade Impact Support Program
Canada announced $5 billion through EDC, $500 million through BDC, and $1 billion through FCC for businesses affected by tariffs.
BusinessCanada Counter-Tariffs Begin
Canada began 25% counter-tariffs on $30 billion of U.S. goods and opened consultation on a further $125 billion list.
BusinessMineral Exploration Credit Extended
Finance Canada said extending the Mineral Exploration Tax Credit to March 31, 2027 would provide $110 million for exploration investment.
BusinessEV Supply-Chain ITC Consultation
Finance Canada consulted on draft legislation for a refundable 10% EV Supply Chain investment tax credit announced in Budget 2024.
BusinessCRA Q1 Interest Rates
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%.
BusinessFederal Business Tax Credits
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.
BusinessInformation Return E-Filing Changes
CRA reminded filers that electronic information returns would change in January 2025, including updated T619 electronic transmittal requirements.
BusinessTariff Remission Process
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.
BusinessCredit Card Fee Reductions
These fee reductions will save eligible small businesses about $1 billion over five years.
BusinessCRA Digital Services for Business
CRA used Small Business Week to point businesses toward online registration, My Business Account, payment tools, calculators, and business-credit resources.
BusinessChinese Trade Practices Consultation
In 2023, China's annual EV exports totalled $47.2 billion, up from $0.2 billion in 2018.
BusinessCanadian Entrepreneurs' Incentive
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.
BusinessCarbon Rebate Filing Deadline
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.
BusinessRidesharing and Delivery Tax Obligations
CRA revised guidance on income-tax and GST/HST obligations for commercial ridesharing and delivery-service providers.
BusinessBudget 2024 Entrepreneur Measures
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.
BusinessBudget 2024 Small Business Measures
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.
BusinessSelf-Employed Tax Obligations
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.
BusinessMineral Exploration Tax Credit Extended
This extension is expected to provide $65 million to support mineral exploration investment.
BusinessAlcohol Excise Duty Relief
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.
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