A summary of the key measures that may have a direct impact on you Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the Fall Economic Statement on November 21, 2023. The government announced new measures totaling $20.8 billion over the next six years. The measures focused on priorities including affordable housing and building a clean energy transition against a backdrop of slowing global and Canadian economies, elevated interest rates and high inflation. No changes to personal or corporate income tax rates are proposed. The Fall Economic Statement confirmed the government’s intention to continue with previously announced measures, including changes to the Alternative Minimum Tax (AMT) regime, but did not provide additional details following the consultation period that closed in September 2023. The following is a summary of some of the significant tax and financial planning measures announced in the Fall Economic Statement.

The statement: 2023 Fall Economic Statement