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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