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ARTICLE · 21 DECEMBER 2021

Economic And Fiscal Update 2021

Osler, Hoskin & Harcourt LLP
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The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the Economic and Fiscal Update 2021 on December 14, 2021. Similar to the Fall Economic Statement 2020 and the Federal Budget 2021,...

CanadaTax
Gregory Wylie
Gregory Wylie
Peter Macdonald
Peter Macdonald
Ilana Ludwin
Ilana Ludwin
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The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the Economic and Fiscal Update 2021 on December 14, 2021. Similar to the Fall Economic Statement 2020 and the Federal Budget 2021, the Update reflects the substantial and ongoing impact of COVID-19 on Canadians and the Canadian economy. The Update sets out the measures adopted and proposed by the government to address the COVID-19 pandemic and support Canada's economic recovery from the pandemic, provides general economic and fiscal information and projections, and includes a brief update on some of the tax measures announced in Budget 2021. Of note, the Department of Finance concurrently released draft legislation implementing a digital services tax (DST) as was previously proposed in Budget 2021. An Osler Update on the proposed legislation will be circulated separately reviewing the proposed legislation. The following includes a brief summary of the tax measures introduced or

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