Department of Finance Canada said Canada held the final G7 Finance Ministers and Central Bank Governors meeting of its 2025 presidency on December 19.
The meeting included the heads of the International Monetary Fund, the World Bank, the OECD, and the Financial Stability Board. Ukraine's finance minister also joined part of the meeting.
The finance-track work included the G7 Financial Crime Call to Action. Finance Canada said G7 members received an update on expanded information sharing within and beyond the G7 and committed to continuing that work under France's 2026 presidency.
The financial-crime work matters because tax evasion, money laundering, sanctions evasion, and illicit finance often depend on cross-border coordination. The announcement did not create a Canadian tax rule, but it points to enforcement cooperation that can affect compliance systems.
Canada also highlighted the Forum for Crisis Resilience, a three-year initiative with the World Bank Group. Finance Canada said the forum would receive a CAD 12 million contribution to increase awareness and use of innovative financing instruments.
A separate CAD 2 million contribution was announced for debt-transparency capacity building in vulnerable regions, particularly in Africa, Latin America, and the Caribbean.
Canada also announced CAD 20 million to support expansion of the World Bank-led RISE Partnership, which is aimed at integrating developing countries into critical-mineral supply chains.
The result is a finance-track package centred on international financial resilience rather than domestic tax rates. Its Canadian relevance lies in financial-crime cooperation, supply-chain resilience, debt transparency, and the global economic conditions that shape fiscal policy.