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ARTICLE · 24 NOVEMBER 2023

Fall Economic Statement 2023

McCarthy Tétrault
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The Deputy Prime Minister and Minister of Finance tabled the 2023 Fall Economic Statement (FES) on November 21, 2023. The tax measures included in the FES are not as extensive as in some prior years...

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Tax Perspectives
Tax Perspectives
Mike Dolson
Mike Dolson
Stefanie Morand
Stefanie Morand
Randy Schwartz
Randy Schwartz
Stephanie Dewey
Stephanie Dewey
Jeremy Ho
Jeremy Ho
Almut MacDonald
Almut MacDonald
Sara Baxter
Sara Baxter
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The Deputy Prime Minister and Minister of Finance tabled the 2023 Fall Economic Statement (FES) on November 21, 2023. The tax measures included in the FES are not as extensive as in some prior years; no further details were provided in relation to many previously-announced measures of significance, including the general anti-avoidance rule (GAAR), the excessive interest and financing expense limitation (EIFEL), or the proposed Global Minimum Tax Act (GMTA), apart from announcing the Government's intention to proceed with these measures, as modified to take into account consultations and deliberations since their release. Nevertheless, there are some tax items that will be of interest to Canadian businesses and foreign investors.

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