Legislation to enact the fall economic statement would make the levy law and allow cabinet to order it into effect. While Ottawa has previously stated it would implement the DST on Jan. 1, 2024, the legal language Finance Minister Chrystia Freeland tabled Tuesday doesn’t set a specific start date. (The Logic)

Talking point: Ottawa has framed the DST as an interim measure pending a global deal on how to tax multinationals. Tuesday’s move is the “next step” in implementing the domestic levy, Freeland told reporters. “Nothing is holding us up.” The government insists its position is unchanged from July, when Canada opted not to join 138 other governments in committing not to adopt domestic DSTs until the end of 2024. “We have been having constructive conversations with all our partners,” Freeland said Tuesday. The legislation would also extend the time the Competition Bureau has to review deals that fall under certain financial thresholds from one to three years. The move aims to catch so-called killer acquisitions and other mergers that could harm industry competition.