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It’s wonderful to be here today in Vaughan with the Prime Minister, with Minister Fraser, and with so many of our caucus and cabinet colleagues.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that, as part of Budget 2024, the federal government will make it easier for Canadian homeowners to increase the number of units in their homes.
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Our focus today is unlocking the door to the middle class for millions of younger Canadians. In all we do, we dedicate ourselves to making a better life within reach for our younger generations. Because it is what you deserve. And it is what your parents and grandparents want for you, too.
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Putting home ownership back within reach and supporting Canadian homeowners
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Volunteer firefighters and search and rescue volunteers play a critical role in protecting Canadians. Every year thousands of Canadians volunteer their time, and sacrifice their own safety, to keep their neighbours safe. Whether responding to flooding in Nova Scotia or wildfires in British Columbia, these volunteers continue to go above and beyond to help with firefighting and search and rescue.
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That is why, in the budget, we will be announcing a new, $500 million Youth Mental Health Fund. The Fund will help community mental health organizations across the country provide more access to mental health care for younger Canadians right in their communities.
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Over the coming days, and in the budget I will table later this month, we’ll reveal more of our no‑holds‑barred plan to wrestle down the costs of owning or renting a home.
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Today, the government announced Canada’s new Youth Mental Health Fund, which will help younger Canadians access the mental health care they need, by reducing wait times and providing more care options. This will help build a happier, healthier future for every generation.
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Today it is worth reminding ourselves why Canada steps up—why we devote time and treasure to foreign policy and defence. Why we send Canadian soldiers, sailors, aviators, diplomats, aid workers, intelligence officers, doctors, nurses, medics, and engineers into dangerous places, even when Canadian soil is not directly at risk.
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The Deputy Prime Minister will make a mental health announcement in advance of the 2024 federal budget.
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Remarks by the Deputy Prime Minister on securing Canada’s AI advantage
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One of the biggest pressures in Canada right now, one of the biggest pressures on Canadians right now, is housing. And we know that this is especially true for younger Canadians, for low-income workers, for single-parent families, for people with disabilities, for seniors on fixed incomes.
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That’s why I am so pleased to announce that, in the upcoming federal budget, we are going to top up the Apartment Construction Loan Program with a further $15 billion. That’s going to bring up the program’s total to more than $55 billion in funding.
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Remarks by the Deputy Prime Minister on growing communities and building more homes, faster
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Ministers Qualtrough and Sajjan to make an announcement in Vancouver.
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Remarks by the Deputy Prime Minister on a new National School Food Program to set kids up for success
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Ministers Anand and Virani to make an important announcement related to housing
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Remarks by the Deputy Prime Minister highlighting the next step to universal access to free contraceptives
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With the tabling of the Pharmacare Act last month, the federal government is in the first phase of delivering a national pharmacare plan. This legislation paves the way to build a Canada that is not only equitable but more affordable for all.
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Today, as a next step in our plan, I am here to announce what we are doing to help young parents across Canada by improving access to affordable early learning and child care.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the federal government will extend the 15-per-cent Mineral Exploration Tax Credit for investors in flow-through shares for an additional year, until March 31, 2025.
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The Honourable Harjit S. Sajjan, President of the King’s Privy Council for Canada and Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada, the Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship Canada, the Honourable Carla Qualtrough, Minister of Sport and Physical Activity of Canada, and the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada, will make an affordability announcement.
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Many younger Canadians had a tough introduction to their adult lives. Millennials coming of age in the early 2000s endured the chaos and challenge of the Great Recession. Many in Gen Z became adults during the Covid pandemic. Both generations have strived to pursue careers and start families in a time of high inflation, high interest rates, and high housing costs.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the announcement of the third investment by the Canada Growth Fund—a $50 million investment in Montréal-based Idealist Capital. This will help innovative clean tech businesses across Canada to scale-up their ideas into solutions that will create good jobs, grow the economy, and accelerate Canada and the world’s progress towards net-zero.
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Remarks by the Deputy Prime Minister at the Standing Committee on Finance regarding Bill C-59, the Fall Economic Statement Implementation Act, and Main Estimates
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And that’s why our government is working every single day to build more homes faster, and to make life more affordable for Canadians and their families.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited Hudson House in Victoria to highlight how Canada’s economic plan is building more homes, faster.
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And today, I have an announcement. I am really glad to announce that our government will be extending this two per cent cap on the excise duty for an additional two years.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Rechie Valdez, Minister of Small Business, announced that the federal government is delivering thousands of dollars in alcohol excise duty relief to Canadian businesses, particularly local craft breweries.
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On March 9, 2024, the federal government announced a two-year extension of the two per cent cap on the annual alcohol excise duty inflation adjustment, and a 50 per cent reduction for two years on excise duty rates for the first 15,000 hectolitres of beer brewed in Canada.
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The work you do here is so important, and I just want to start by recognizing that and thanking all the health care professionals across Canada, and a personal thank you to all the amazing people here at Women’s College Hospital.
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In advance of the 2024 federal budget, today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, met with leading private sector economists to discuss their outlook on the Canadian and global economies, as well as to hear their views on the federal government’s economic plan to unlock pathways to the middle class for the next generation.
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The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will present Budget 2024 in the House of Commons Tuesday April 16, 2024, at approximately 4:00 p.m. ET.
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This week, the Government of Canada successfully issued its second green bond. This 10-year, $4 billion green bond fulfills the government’s commitment in the 2023 Fall Economic Statement to issue a $4 billion green bond in the 2023-24 fiscal year.
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In a moment, I will speak about the Canadian economy today and about how our economic plan is making life more affordable for Canadians.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, joined by the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, and the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced new action, as part of Canada’s economic plan, to build more homes, faster, and strengthen competition to lower prices for Canadians.
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The Deputy Prime Minister will provide an update on the government’s economic plan. She will be joined by the Minister of Housing, Infrastructure and Communities, Sean Fraser, and the Minister of Innovation, Science and Industry, François-Philippe Champagne.
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This follows the successful issuance of Canada’s first 7.5-year, $5 billion green bond in March 2022.
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I love Winnipeg, and I am so happy to be in Winnipeg today. And I am really happy to be here with the team at the University of Winnipeg Community Renewal Corporation and to see first-hand the amazing work you are doing, the amazing homes you are creating, and the amazing communities you are making possible.
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The Deputy Prime Minister today also announced that the federal government is providing $16 million through the Affordable Housing Fund to build 214 new rental homes at 308 Colony Street—the latest new project in downtown Winnipeg. This near net-zero greenhouse gas emissions project includes 86 affordable homes for low-income and vulnerable Canadians and over 20 per cent of all homes are barrier-free or barrier-adaptable for persons with disabilities.
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I would like to begin by acknowledging that we are gathered on the traditional territories of several First Nations, including the Huron-Wendat Nation.
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In addition to the base Canada Carbon Rebate amounts, starting this year, the federal government is proposing, through legislative amendments in Bill C-59, to double the rural top-up to 20 per cent, in recognition of rural Canadians’ higher energy needs and more limited access to cleaner transportation options.
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In provinces that request it or do not have their own carbon pricing system that meets the federal benchmark, a federal fuel charge is put in place. Currently, the fuel charge applies in the provinces of Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. All direct proceeds are returned within the province where they were collected, primarily through the quarterly Canada Carbon Rebate, directly to Canadians.
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Our government is working every day to deliver for Canadians across the country—from our big cities to our smallest towns. And the actions we’re announcing today will help to ensure that Canada’s small towns remain a great place to call home—today and for years to come.
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Remarks by the Commissioner of the Financial Consumer Agency of Canada at the Standing Committee on Finance regarding the Guideline on Existing Consumer Mortgage Loans in Exceptional Circumstances
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Today’s action will help rural Canadians find the homes they need at prices they can afford and access the high-quality, universal public health care they deserve close to home. By working with provinces and territories and municipalities to build more homes and strengthen public health care, the federal government is using all available tools to deliver for Canadians.
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The Deputy Prime Minister will provide an update on the government’s economic plan.
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Remarks by the Deputy Prime Minister on new support for asylum claimants in Toronto
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Remarks by the Deputy Prime Minister announcing new action to make rent more affordable
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Today, as part of Canada's economic plan, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the federal government is taking new action to deliver rent support to low-income renters, open more emergency shelter spaces in cities across the country, and crack down on corporate greed to make groceries more affordable.
