Highlights from the Federal Government’s 2023 Fall Economic Statement

The government continues to central challenges: 1) supporting the middle class be vigilant and monitor ongoing geopolitical and and introducing targeted measures to help stabilize macroeconomic risks that are impacting Canadians prices and improve the cost of living; and 2) and Canadian business. [...] GDP Growth The 2023 Fall Economic Statement noted that the The Canadian Economy is expected to see subdued budgetary balance is expected to remain just below growth in the coming quarters as the impacts of the $40.1 billion deficit projected for 2023-24, $35 higher interest rates continue to build. [...] Global Risk Institute 1 HIGHLIGHTS FROM THE FEDERAL GOVERNMENT’S 2023 FALL ECONOMIC STATEMENT The government will be focused on the following HOUSING fiscal objectives in preparation for Budget 2024: The central aspect of the 2023 Fall Economic • Maintaining the 2023-2024 deficit at or below Statement is the plethora of new measures the Budget 2023 projection of $40.1 billion. [...] The 2023 Fall (FRFIS) in November, aligning with efforts by the Economic Statement proposes to provide $1.5 Basel Committee on Banking Supervision (BCBS) million in the 2024-25 fiscal year to the department and the Financial Stability Board (FSA), regarding of Finance to support this work. [...] Climate Tax Incentives Proposed changes to the Criminal Code and the Proceeds of Crime (Money Laundering) In Budget 2023, the federal government announced and Terrorist Financing Act (PCMLTFA) and its multiple tax incentives to combat climate change regulations include measures to combat sanctions and build a clean economy and shared a timeline evasion, address fraud and money laundering for the C.