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Canada’s Department of Finance releases draft legislation for 2023 budget and other measures

  • Several packages of draft legislative proposals and accompanying explanatory notes were released for public comment on 4 August 2023.
  • The release includes a general package of draft income tax proposals relating to most of the remaining 2023 federal budget measures and to previously announced proposals.
  • This Tax Alert summarizes the income tax measures included in the general package of draft legislative proposals; other packages of draft legislative proposals will be discussed in one or more upcoming Tax Alerts.

Source EY

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