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2024-2025 Québec Budget Summary
The Minister of Finance, Mr. Eric Girard, tabled his 2024-2025 budget plan on March 12, 2024, which plans to support seniors, to improve the fairness and impact of tax credits supporting jobs in the information technology sector and to enhance support for Québec film and television production.
OSFI publishes final guideline on climate risk management for federally regulated financial institutions
On March 7 2023, the Office of the Superintendent of Financial Institutions (OSFI) published its final Guideline B-15 on climate risk management (“Guideline”) applicable to Federally Regulated Financial Institutions (FRFIs).
It will be effective from fiscal year-end 2024 for Domestic Systemically Important Banks (DSIBs) and Internationally Active Insurance Groups (IAIGs) headquartered in Canada. For all other in-scope FRFIs, it will be effective from fiscal year-end 2025. Foreign bank branches are excluded.
It will be effective from fiscal year-end 2024 for Domestic Systemically Important Banks (DSIBs) and Internationally Active Insurance Groups (IAIGs) headquartered in Canada. For all other in-scope FRFIs, it will be effective from fiscal year-end 2025. Foreign bank branches are excluded.
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