ARTICLE · 13 NOVEMBER 2022

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Reviewing The 2022 Fall Economic Statement And Other Announcements

Stikeman Elliott LLP

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The past week was a busy one for Canada's Department of Finance ("Finance"). On November 3, 2022, Finance released its 2022 Fall Economic Statement (the "Fall Economic Statement") and the ...

CanadaTax

Julie D'Avignon

Jonathan Willson

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The past week was a busy one for Canada's Department of Finance ("Finance"). On November 3, 2022, Finance released its 2022 Fall Economic Statement (the "Fall Economic Statement") and the following day, it introduced Bill C-32 to Parliament, which implements many of the outstanding tax measures from this past April's Federal Budget (the "Budget Implementation Bill"). This update summarizes the key business income tax-related measures announced in the Fall Economic Statement, as well as from a concurrently released update on certain tax proposals previously announced by Finance. It will then highlight key aspects of the Budget Implementation Bill.

The Fall Economic Statement proposes to introduce the following:

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