On Tuesday morning, the federal Department of Finance released several consultations related to provisions from Budget 2022. The details can be found here: Government delivering on Budget 2022 commitments to Canadians

CCUA’s government relations and policy teams are currently analyzing the package. We will provide more details on relevant items in this week’s Government Relations Update. The relevant consultations included in the package pertain to tax policy, corporate governance for federally-regulated financial institutions, predatory lending, and the criminal interest rate.

We will conduct detailed consultations with our members on each of these items in the weeks to come. The due dates for submissions under these consultations range from late September to early October, so it will be important to gather as much input as possible in the next four to six weeks on these items ahead of expected legislation in the fall.

Once we have done further analysis, we will provide more communication on these important topics! Thank you very much for your continued participation in federal policy development on behalf of the sector.

For more information, please contact Rachel Barry.