Good morning! Welcome back to Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies.

Every Monday, we break down the most important updates in this space in under five minutes.

Start Date: 2025-04-06
End Date: 2025-04-12

Top Headlines

Main Stories

Amendments to CDIC Differential Premiums By-law

The Canada Deposit Insurance Corporation (CDIC) has updated the Differential Premiums By-law to align with the Office of the Superintendent of Financial Institutions’ guidelines. These amendments introduce a fifth premium category to better differentiate member institutions by risk level. Additionally, requirements for Category III Small and Medium-Sized Deposit-Taking Institutions have been clarified, aiming for fairer premium allocation and alignment with Basel Capital Adequacy Reporting.

Sources: Canada Gazette, Part II: www.gazette.gc.ca

New Data on Non-Bank Mortgage Lenders Released

Statistics Canada has published data on non-bank mortgage lenders for Q4 2024, providing insights into lending practices outside traditional banking channels. This dataset can inform assessments of market dynamics and competitive pressures in the mortgage sector.

Sources: Open Government Data Set: www.statcan.gc.ca

Federal Tax Expenditures Report Released

The Department of Finance Canada released the 2025 Report on Federal Tax Expenditures, detailing fiscal costs from 2019 to 2026. This dataset includes 395 tax measures, offering a comprehensive view of tax policy impacts on corporate and personal taxation.

Sources: Open Government Data Set: open.canada.ca

Provincial Announcements

Quebec Proposes Finance and Real Estate Sector Bill

Quebec's Minister of Finance, Eric Girard, introduced Bill No. 92 to amend various financial sector laws, including self-regulation models and administrative penalties.

Sources: Provincial Announcement: www.quebec.ca

Public Officials' Social Media

MP Greg McLean on Tax Havens

Greg McLean criticized tax haven use, suggesting CRA redirect focus towards offshore schemes and incentivize whistleblowers with recovered funds.

Sources: Social Media: x.com

MP Michelle Ferreri on Targeting Tax Cheats

Michelle Ferreri announced a Conservative policy to target tax cheats, aiming to repatriate funds for infrastructure and tax cuts in Canada.

Sources: Social Media: x.com

MP Ryan Turnbull on Economic Security Measures

Ryan Turnbull highlighted Liberal measures to protect retirement savings, including a 25% reduction in RRIF withdrawals for one year.

Sources: Social Media: x.com

What We're Reading This Week

• FinTech Empowering Life: AI's role in financial management discussed at length.
• OpenPayd at Malta Finance Week: Discussing cross-border payment strategies.