Overview Of The Fall Economic Statement 2020

Further to our article regarding Canada's COVID-19 Economic Response Plan regarding Taxation, the following is a summary of the Government of Canada's Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020.

The Government continued to play softball with the 2020 Fall Economic Statement delivered by Finance Minister Freeland and did not proceed with the measures expected by some to change personal or corporate income tax rates or the capital gains inclusion rate. The statement delivered touched on a few other matters as follows:

• The Canada Emergency Wage Subsidy ("CEWS") and the Canada Emergency Rent Subsidy ("CERS") and other lockdown support programs were provided further details from December 20, 2020 to March 13, 2021;