Policy Updates

New Tax Measures Announced in Canada’s Fall Economic Statement

The Canadian government has introduced new tax measures aimed at supporting small businesses and enhancing tax compliance.

By NomadicTax Research Team • 5 min read • November 3, 2025

In the recent Fall Economic Statement, the Canadian government unveiled a series of tax measures designed to bolster small businesses and improve tax compliance. Key highlights include an increase in the small business deduction limit and enhanced tax credits for research and development activities. These changes are expected to stimulate economic growth and innovation across the country. The government emphasizes that these measures will not only support entrepreneurs but also ensure a fair tax system for all Canadians.