diff --git a/.github/actions/setup-tf/action.yaml b/.github/actions/setup-tf/action.yaml
index 04074728ce..29f4771c61 100644
--- a/.github/actions/setup-tf/action.yaml
+++ b/.github/actions/setup-tf/action.yaml
@@ -7,5 +7,5 @@ runs:
     - name: Install Terraform
       uses: hashicorp/setup-terraform@b9cd54a3c349d3f38e8881555d616ced269862dd # v3.1.2
       with:
-        terraform_version: 1.14.1
+        terraform_version: 1.14.5
         terraform_wrapper: false
diff --git a/dogfood/coder/Dockerfile b/dogfood/coder/Dockerfile
index a2c8101c42..ed29666fc9 100644
--- a/dogfood/coder/Dockerfile
+++ b/dogfood/coder/Dockerfile
@@ -212,9 +212,9 @@ RUN sed -i 's|http://archive.ubuntu.com/ubuntu/|http://mirrors.edge.kernel.org/u
 	# Configure FIPS-compliant policies
 	update-crypto-policies --set FIPS
 
-# NOTE: In scripts/Dockerfile.base we specifically install Terraform version 1.12.2.
+# NOTE: In scripts/Dockerfile.base we specifically install Terraform version 1.14.5.
 # Installing the same version here to match.
-RUN wget -O /tmp/terraform.zip "https://releases.hashicorp.com/terraform/1.14.1/terraform_1.14.1_linux_amd64.zip" && \
+RUN wget -O /tmp/terraform.zip "https://releases.hashicorp.com/terraform/1.14.5/terraform_1.14.5_linux_amd64.zip" && \
 	unzip /tmp/terraform.zip -d /usr/local/bin && \
 	rm -f /tmp/terraform.zip && \
 	chmod +x /usr/local/bin/terraform && \
diff --git a/install.sh b/install.sh
index adc698668c..f32403d966 100755
--- a/install.sh
+++ b/install.sh
@@ -273,7 +273,7 @@ EOF
 main() {
 	MAINLINE=1
 	STABLE=0
-	TERRAFORM_VERSION="1.14.1"
+	TERRAFORM_VERSION="1.14.5"
 
 	if [ "${TRACE-}" ]; then
 		set -x
diff --git a/provisioner/terraform/install.go b/provisioner/terraform/install.go
index d6a9e74d90..2137e99cb9 100644
--- a/provisioner/terraform/install.go
+++ b/provisioner/terraform/install.go
@@ -22,7 +22,7 @@ var (
 	// when Terraform is not available on the system.
 	// NOTE: Keep this in sync with the version in scripts/Dockerfile.base.
 	// NOTE: Keep this in sync with the version in install.sh.
-	TerraformVersion = version.Must(version.NewVersion("1.14.1"))
+	TerraformVersion = version.Must(version.NewVersion("1.14.5"))
 
 	minTerraformVersion = version.Must(version.NewVersion("1.1.0"))
 	maxTerraformVersion = version.Must(version.NewVersion("1.14.9")) // use .9 to automatically allow patch releases
diff --git a/provisioner/terraform/testdata/version.txt b/provisioner/terraform/testdata/version.txt
index 63e799cf45..24a57f28a4 100644
--- a/provisioner/terraform/testdata/version.txt
+++ b/provisioner/terraform/testdata/version.txt
@@ -1 +1 @@
-1.14.1
+1.14.5
diff --git a/scripts/Dockerfile.base b/scripts/Dockerfile.base
index 9ee5d5ce7d..7892c8746e 100644
--- a/scripts/Dockerfile.base
+++ b/scripts/Dockerfile.base
@@ -27,7 +27,7 @@ RUN apk add --no-cache \
 # Terraform was disabled in the edge repo due to a build issue.
 # https://gitlab.alpinelinux.org/alpine/aports/-/commit/f3e263d94cfac02d594bef83790c280e045eba35
 # Using wget for now. Note that busybox unzip doesn't support streaming.
-RUN ARCH="$(arch)"; if [ "${ARCH}" == "x86_64" ]; then ARCH="amd64"; elif [ "${ARCH}" == "aarch64" ]; then ARCH="arm64"; elif [ "${ARCH}" == "armv7l" ]; then ARCH="arm"; fi; wget -O /tmp/terraform.zip "https://releases.hashicorp.com/terraform/1.14.1/terraform_1.14.1_linux_${ARCH}.zip" && \
+RUN ARCH="$(arch)"; if [ "${ARCH}" == "x86_64" ]; then ARCH="amd64"; elif [ "${ARCH}" == "aarch64" ]; then ARCH="arm64"; elif [ "${ARCH}" == "armv7l" ]; then ARCH="arm"; fi; wget -O /tmp/terraform.zip "https://releases.hashicorp.com/terraform/1.14.5/terraform_1.14.5_linux_${ARCH}.zip" && \
 		busybox unzip /tmp/terraform.zip -d /usr/local/bin && \
 		rm -f /tmp/terraform.zip && \
 		chmod +x /usr/local/bin/terraform && \