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The program functions as a shared equity scheme in which the CMHC provides eligible participants with up to 5% of the purchase price of a resale home, and up to 10% of the purchase price of a newly constructed home. The program was initially introduced over a limited four-year term and was allocated $1.25 billion.
Under the program the CMHC provided subsidized interest rates to low income families, in addition to providing them with grants. [8] In 1978 an NHA amendment discontinued the provision of grant money to these families, which led to a high incidence of defaults, and in turn, necessitated that the federal government provide financial assistance ...
The National Energy Program (French: Programme énergétique national, NEP) was an energy policy of the Canadian federal government from 1980 to 1985. The economically nationalist policy sought to secure Canadian energy independence, though was strongly opposed by the private sector and the oil-producing Western Canadian provinces, most notably Alberta.
The Impact Assessment Act and Canadian Energy Regulator Act (French: Loi sur l’évaluation d’impact and Loi sur la Régie canadienne de l’énergie), also referred to as Bill C-69, are two acts of the Parliament of Canada passed together by the 42nd Canadian Parliament in 2019. The Acts gave authority to the federal government to consider ...
A mechanism for the Canadian federal government to provide funds through transfer payments to the provinces has existed since Canadian Confederation, and was first enshrined in the Constitution Act, 1867 Section 119 as a mechanism for the new federal government to provide further grants to the province of New Brunswick.
The Canadian social safety net includes a broad spectrum of programs, many of which are run by the provinces and territories. Canada also has a wide range of government transfer payments to individuals, which totaled $176.6 billion in 2009—this cost only includes social programs that administer funds to individuals; programs such as medicare ...
A new round of grants from the federal government will pay out $78 million across 12 states and 13 tribal nations, hoping to reduce energy bills for rural people and create new renewable energy ...
Canada has access to all main sources of energy including oil and gas, coal, hydropower, biomass, solar, geothermal, wind, marine and nuclear.It is the world's second largest producer of uranium, [2] third largest producer of hydro-electricity, [3] fourth largest natural gas producer, and the fifth largest producer of crude oil. [4]