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ARTICLE · 15 NOVEMBER 2022

Selected Tax Measures In Canada's 2022 Fall Economic Statement

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This update is intended for those seeking additional insights into the Fall Economic Statement 2022 including its impact on both domestic and multinational enterprises.

CanadaTax
Katerina Ignatova
Katerina Ignatova
Sabrina Jackson-Nazareth
Sabrina Jackson-Nazareth
Kevin Yip
Kevin Yip
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This update is intended for those seeking additional insights into the Fall Economic Statement 2022 including its impact on both domestic and multinational enterprises.

The Minister of Finance (Canada), the Honourable Chrystia Freeland, presented the Government of Canada's (the "Federal Government") Fall Economic Statement 2022 (the "Fall Economic Statement") on November 3, 2022.

The Fall Economic Statement announced plans to tax share buybacks by public companies, reaffirmed the Federal Government's intention to introduce a new minimum tax regime for high income Canadians, and reaffirms its intention to implement the Organisation for Economic Co-operation and Development (OECD)'s two-pillar plan on international tax reform. Other significant tax measures announced in the Fall Economic Statement include an extension of the Residential Property Flipping Rule announced in the 2022 Federal Budget to assignment sales, and an investment tax credit for clean

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