The Government House Leader Karina Gould tabled the Fall Economic Statement on December 16, 2024. The 2024 Fall Economic Statement detailed $23.3 billion in new spending over the next six years.

No changes to personal or corporate income tax rates were proposed. The 2024 Fall Economic Statement confirmed the government’s intention to continue with previously announced measures, including legislative proposals contained in the notice of ways and means motion tabled on September 23, 2024, related to the increase to the capital gains inclusion rate. 

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