• Small business tax troubles a target of federal budget: Champagne

  Source: Global News Politics
  Date: 2026-11-02 18:10:43.0
  Tags: [National, Taxation, Finance, Economy, Industry]

  Finance Minister Francois-Philippe Champagne announced that the upcoming federal budget, led by Prime Minister Mark Carney, will target the complexity of the federal tax code to assist Canada's small- and medium-sized businesses. The upcoming fiscal plan builds on the previously announced $36 billion, five-year productivity mega-deduction designed to let businesses immediately write off eligible capital investments in their first year. The Canadian Federation of Independent Business (CFIB) has advocated for broader policies, such as lowering the small business tax rate and addressing gaps in federal tariff relief regimes to assist smaller firms.

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• Carney government has no launch date planned for proposed sovereign wealth fund

  Source: CBC Politics
  Date: 2026-10-21 08:00:00.0
  Tags: [National, Economy, Finance, Infrastructure, Industry, Governance]

  Nearly six months after Prime Minister Mark Carney announced plans to create the Canada Strong Fund—a proposed national sovereign wealth fund backed by $25 billion in seed funding over three years—the federal government has yet to establish a launch date or finalize its operational details. Administered as an arm's-length Crown corporation, the fund is intended to invest domestically in energy, infrastructure, agriculture, and technology alongside private investors, while introducing a retail investment product for ordinary Canadians. Finance Minister François-Philippe Champagne's office indicated that a significant update, including leadership announcements and mandate reviews to prevent overlap with existing entities like the Canada Growth Fund and Canada Infrastructure Bank, will be provided in the upcoming fall budget.

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• Atlantic Canadian businesses can now apply for nearly $40M in AI funding

  Source: Prince Edward Island - Regional News
  Date: 2026-10-14 18:00:00.0
  Tags: [Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador, National, Technology, Economy, Industry, Finance]

  The Atlantic Canada Opportunities Agency has launched a federal funding program offering nearly $40 million for small and medium-sized businesses pursuing large-scale artificial intelligence projects costing at least $1 million. The funding supports two primary tracks: adopting AI into internal business operations, such as proposal development tools utilized by Cabco Technologies, or developing new AI solutions to bring to market. Applications for the program remain open until November 20. The initiative aims to address a regional adoption gap highlighted by the Atlantic Economic Panel, which reported that approximately 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared to 20 per cent nationally.

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• Carney government introduces mega-deduction tax measure to spur more investment

  Source: CBC Politics
  Date: 2026-09-15 19:41:51.0
  Tags: [National, Taxation, Economy, Finance, Industry, Trade]

  Prime Minister Mark Carney's federal government announced the productivity mega-deduction tax measure at the Canada Investment Summit, expanding on last year's productivity super-deduction to cover two-thirds of assets. The program allows companies to expense the total cost of new investments across sectors including machinery, equipment, clean energy, and zero-emission vehicles immediately rather than over a project's lifetime. The policy change is projected to cost $36 billion over five years and is estimated to slash Canada's marginal effective tax rate from 13 per cent down to 6.4 per cent, making it the lowest in the G7 to improve tax competitiveness and retain investment during trade tensions.

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• 'Cool to be Canadian': Leaders optimistic their pitch to invest here will pay off

  Source: CBC Politics
  Date: 2026-09-14 19:59:47.0
  Tags: [National, Ontario, Economy, Taxation, Finance, Trade, Industry, Mining]

  Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract foreign capital and secure $1 trillion in investments amidst trade friction with the United States. Minister of Finance François-Philippe Champagne announced that the Canadian Revenue Agency will prioritize advanced income tax rulings for investments exceeding $1 billion to reduce regulatory risk. The government's 66-page pitchbook featured more than 160 major projects, including Canada Nickel Company's Crawford nickel project, which is seeking $2 billion in funding.

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• Trump trade rep says U.S. may impose more tariffs today, as Ottawa's counter-tariffs take effect

  Source: CBC Politics
  Date: 2026-09-08 11:27:19.0
  Tags: [National, Trade, Economy, Industry, Finance]

  Canada implemented dollar-for-dollar counter-tariffs ranging from 15 to 50 percent targeting $27.6 billion worth of American imports, while the United States considers further retaliatory tariffs. U.S. Trade Representative Jamieson Greer signaled potential U.S. actions, and U.S. President Donald Trump criticized Montreal-based Bombardier over manufacturing locations. Prime Minister Mark Carney defended the pivot away from the U.S. as costly but necessary, alongside federal support packages including a $7.5 billion worker and business assistance initiative and the $2 billion Canada Strong Diversification Fund.

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• No talks scheduled as Canada's counter-tariffs against U.S. set to take effect at 12:01 a.m.

  Source: CBC Politics
  Date: 2026-09-07 15:23:27.0
  Tags: [National, Trade, Economy, Industry, Finance]

  Canada is implementing counter-tariffs ranging from 15 to 50 percent on $27.6 billion worth of American goods targeting over 700 U.S. products, including steel, dairy, and wood products, with no last-minute talks scheduled between Prime Minister Mark Carney and U.S. President Donald Trump ahead of the 12:01 a.m. deadline. The retaliatory measures follow the collapse of trade talks and U.S. President Donald Trump's imposition of 50 percent tariffs on Canadian goods. To help workers and businesses weather the trade escalation, the federal government is rolling out a $7.5 billion support package in addition to nearly $25 billion in tariff aid implemented over the past 18 months.

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• Canada adds more U.S. goods to list of planned counter-tariffs

  Source: Global News Politics
  Date: 2026-08-28 15:35:30.0
  Tags: [National, Trade, Economy, Finance, Industry]

  Finance Canada announced adjustments to its planned counter-tariffs targeting U.S. goods, following feedback from Canadian industry stakeholders. The retaliatory measures, matching U.S. tariffs dollar for dollar and rate for rate up to 50 per cent, now encompass over 700 American goods valued at $27.6 billion, with the countermeasures set to take effect on Tuesday, September 8, 2026. Specific additions subject to the 50 per cent tariff rate include wood charcoal, American copper wire, printed materials, articles of plaster, and various glass containers such as carboys, bottles, jars, and preserving jars. Meanwhile, American seafood and fish products were removed from the initial tariff list following consultations deemed to be in Canada's best interests.

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