Department of Finance Canada announced a $200 million disbursement to support Ukraine through the World Bank's F.O.R.T.I.S. Ukraine Financial Intermediary Fund.
The announcement came during the Ukraine Recovery Conference in Rome, but the funding is the important part. Finance Canada said the payment fulfilled Canada's $5 billion total contribution under the G7 Extraordinary Revenue Acceleration loans mechanism.
The G7 mechanism uses extraordinary revenues from immobilized Russian sovereign assets to support loans for Ukraine. For Canada, the July announcement marked completion of the federal contribution promised under that structure.
Finance Canada said Canada's support for Ukraine since February 2022 had reached $22 billion across financial, development, humanitarian, military, security, and stabilization assistance.
The department also linked the disbursement to broader reconstruction finance. The minister chaired a panel on ways to mobilize private financing for Ukraine's reconstruction, and met international partners involved in finance, energy, and recovery planning.
The article belongs in policy rather than ordinary tax coverage. It is an international public-finance item: Canada is using fiscal capacity, G7 coordination, and multilateral institutions to fund support for a foreign partner during war.
The commitment is part of the fiscal backdrop rather than a personal tax item: international financing of this size affects federal priorities, debt management, aid policy, and Canada's economic-security posture.