Finance Minister Chrystia Freeland is to table her mid-year budget update in the House of Commons today focused heavily on driving investment to Canada's clean energy industries in response to new American tax incentives signed into law last summer.
The government is already further ahead financially than expected as inflation and a stronger economic recovery drove up tax revenues.
That GST aid will start being felt Friday as the deposits begin to land in the bank accounts of 11 million low and moderate-income families. The legislation to create the dental benefit and housing allowance top-up is still before the Senate. The act includes nearly US$400 billion in tax incentives, grants and loan guarantees for clean energy sectors including electricity production, electric cars and battery manufacturing.
The CHIPS act, also signed into law in August, provides US$280 billion to spur domestic research and manufacturing of semiconductors.
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Fall mini-budget aims to help Canada compete with U.S. clean energy investments | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
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Fall mini-budget aims to help Canada compete with U.S. clean energy investmentsFinance Minister Chrystia Freeland is to table her mid\u002Dyear budget update in the House of Commons today.
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Ontario to release economic statement on Nov. 14, finance minister says - constructconnect.com - Daily Commercial NewsTORONTO — Ontario is set to release its fall economic statement on Nov. 14. Finance Minister Peter Bethlenfalvy says the province will be providing an update on its “plan to build.” He announced last month that Ontario ended the last fiscal year with a
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CTV National News: Finance concerns in CanadaA survey suggests a record high number of Canadians are concerned about their finances. Genevieve Beauchemin reports.
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Former Ontario finance minister to run for federal Liberals in Toronto-area ridingJUST IN: A former Ontario finance minister will be the federal Liberal candidate in an upcoming byelection in the Toronto area that's set to be called later this month.
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