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ARTICLE · 11 AUGUST 2023

Consultations On Measures Announced In Budget 2023 Begin

Miller Thomson
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On Friday, August 4, 2023, the Department of Finance released for public consultation extensive legislative proposals accompanied by explanatory notes (the "August Proposals").

CanadaTax
Colleen Ma
Colleen Ma
Carolyn Inglis
Carolyn Inglis
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On Friday, August 4, 2023, the Department of Finance released for public consultation extensive legislative proposals accompanied by explanatory notes (the "August Proposals"). The August Proposals relate to various measures previously announced in Budget 2023. See here for our 2023 Federal Budget Review.

What do the August Proposals amend?

There are several pieces of legislation that may be affected by the August Proposals. These include the Income Tax Act, the Excise Tax Act, the Excise Act, 2001, the Select Luxury Items Tax Act, the Digital Services Tax Act, and the Global Minimum Tax Act.

The proposed measures were grouped together in the news release as follows:

  • Measures to grow Canada's clean economy. In recent years, several clean energy investment tax credits and other green tax incentives have been announced. The August Proposals seek feedback on the carbon capture, utilization and storage (CCUS) investment tax credit, the clean

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