Today, the Government of Canada released the 2024 Fall Economic Statement.
The Fall Economic Statement includes updates on investments to expand Canada's social safety net, build more homes, and reduce the costs of essentials like child care, dental care, and prescription medications including insulin and contraceptives.
Additionally, the Fall Economic Statement announces investments in wealth-generating research and development, and more support for Canada's innovators and start-ups. Canada is a world leader in artificial intelligence and the government intends to use this edge to secure an economic competitive advantage to better serve Canadians. To create incentives for businesses to invest at home, the government intends to extend the Accelerated Investment Incentive for five years. This would deliver $17.4 billion in tax incentives, unlock more investment opportunities and create jobs and growth.
To keep Canadians safe, the 2024 Fall Economic Statement proposes to make a significant, $1.3 billion investment to secure our borders. The government intends to implement stricter bail and sentencing laws and take assault-style weapons off our streets. It also intends to invest in communities across Canada to reduce economic disparities, and protect the rights of women, religious groups, and Black Canadians.
The government continues to leverage Canada's economic advantages to protect Canadian jobs, Canadian businesses, and our economy from threats to our national interest and economic security.
