Federal Government Sets Date for Release of Fall Economic Statement 2022

The Federal Government has announced that the Fall Economic Statement 2022 will be presented in the House of Commons on November 3, 2022 at approximately 4:00 p.m. ET.

The Federal Government’s 2022 Budget stated that the Fall Economic Statement 2022 would provide an update on the following tax initiatives:

  1. the Department of Finance’s engagement with experts to establish a new investment tax credit of up to 30 per cent, focused on net-zero technologies, battery storage solutions, and clean hydrogen; and
  1. the Federal Government’s commitment to examine a new minimum tax regime.

Prepared by: Rebecca Loo , Brendan Forrest

Rebecca Loo is an associate working out of the Toronto office of Thorsteinssons LLP. Rebecca’s practice focuses on Canadian commodity tax matters, including the Goods and Services Tax (GST), Harmonized Sales Tax (HST), and provincial sales taxes.  She has written… more »

Brendan Forrest is an associate working out of the Toronto office of Thorsteinssons LLP. Brendan’s practice focuses on corporate tax advisory and planning services. Brendan earned his Bachelor of Arts (Honours) from St. Michael’s College at the University of Toronto… more »

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