Canada’s Finance Minister on 21 November 2023 delivered the government’s 2023 fall economic update.
Although the update does not include any individual (personal) or corporate tax rate changes, it includes the following tax-related measures:
- New rules for goods and services tax (GST)/harmonized sales tax (HST) joint venture elections
Finance also released draft legislation for consultation for the proposed UHT changes and the new GST/HST joint venture election rules.
Source: KPMG
