December 1, 2020
Canada's Federal Fall Economic Statement 2020 discussed
Federal Deputy Prime Minister and Finance Minister Chrystia Freeland on November 30 tabled Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020. The Fall Economic Statement (FES) contains several tax measures affecting individuals and corporations. As set out in Table A, the minister anticipates a deficit of $381.6b for 2020-21 and projects deficits for each of the next five years.
A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.
Full text of Tax Alert