2023 Fall Economic Statement
The 2023 Fall Economic Statement delivers the next phase of the government’s economic plan to help create good jobs, build more homes, and make life more affordable.
View the statement
(Web version)
Download the statement
(PDF version, 2.9 MB)
Highlights
Canada’s Housing Action Plan
- The new Canadian Mortgage Charter
- Accelerating how communities build housing
- Building more affordable housing
- More financing for apartment construction
- Cracking down on non-compliant short-term rentals
Making life more affordable
The government is continuing to deliver on its economic plan to help make life more affordable for Canadians.
- Strengthening competition to help stabilize prices in Canada
- Making groceries more affordable
- Cracking down on junk fees
- Removing the GST/HST from psychotherapy and counselling
- Delivering dental care for Canadians
Building an economy that works for all Canadians
The government is announcing the next steps to build a stronger economy, fight climate change, and create great careers for Canadians.
- Snapshot of recent investments in the clean economy
- Delivering clean economy investment tax credits
- Creating opportunities for workers and businesses
Delivering for Canadians
more Canadians employed than when the pandemic hit
Canadians have opened Tax-Free First Home Savings Accounts
2.3 million
Canadians lifted out of poverty since 2015
11 million
Canadians received a grocery rebate in July
Economic and fiscal overview
State of Canada’s economy
Canada’s economy has remained resilient after a strong recovery from the pandemic. Read more about the Canadian economic outlook and the government’s responsible fiscal plan.
Economic and fiscal projections
The IMF projects that Canada will have the strongest growth in the G7 next year. Read more about detailed economic projections, the government’s budgetary outlook, and its plan to maintain both the lowest deficit and net debt-to-GDP ratio of all G7 countries.
More information
- Statement on gender, diversity, and inclusion
- Legislative measures
- Tax Measures: Supplementary Information
Backgrounders
- Key measures
- Canada’s Housing Action Plan
- Supporting a strong middle class
- Building an economy that works for all Canadians
Related documents
- News release
- Address by the Deputy Prime Minister for the 2023 Fall Economic Statement
- Policy Statement on Consumer-Driven Banking
- Policy Statement on Ensuring Reciprocal Treatment for Canadian Businesses Abroad
