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Supporting Canadians and Fighting
COVID-19: Fall Economic Statement 2020.
The Government continued to play softball with the 2020 Fall
Economic Statement delivered by Finance Minister Freeland and did
not proceed with the measures expected by some to change personal
or corporate income tax rates or the capital gains inclusion rate.
The statement delivered touched on a few other matters as
follows:
The Canada Emergency Wage Subsidy ( CEWS ) and the
Canada Emergency Rent Subsidy ( CERS ) and other lockdown
support programs were provided further details from December 20,
2020 to March 13, 2021;
On November 30, 2020, the government of Canada released a plan on protecting Canadians' health, jobs and the economy through COVID-19. This plan acknowledges the role that immigrants play in driving Canada's economic growth, contributing to "half of the average real GDP growth over 2016-2019".