On Nov. 30, 2020, The Honourable Chrystia Freeland tabled the
Fall Economic Statement 2020 (the Statement). The Statement
proposes short-term pandemic relief measures, including more
support for families and those working remotely from home, as well
as extensions of the Canada Emergency Wage Subsidy (CEWS) and the
Canada Emergency Rent Subsidy (CERS). The Statement also provides a
preview of longer-term initiatives aimed at tackling this
year's $381 billion fiscal deficit. Of note, the Government
announced that it will impose GST/HST on many digital products,
goods supplied through fulfillment warehouses, and platform-based
short-term accommodation and that it is moving forward with the
previously announced $200,000 annual limit on employee stock
options eligible for the stock option deduction.
