On November 21st, the 2023 Fall Economic Statement (FES) provided an update on the federal government’s fiscal policy and economic plan to bolster the economy and support the middle class. This includes but is not limited to, plans to improve the taxation regime and create a stable financial sector.
CCUA has prepared an overview of Bill C-59, which lays out the proposed legislative amendments to give effect to these commitments in the FES. A summary of those amendments and implications for credit unions can be found here or below.