Budget 2013: CICA calls for strong fiscal management and tax simplicity

CICA is working on behalf of our members to promote a simpler, more efficient tax system.

Strong fiscal management by the federal government and a greater focus on Canada’s tax regime are crucial to enhancing economic growth and achieving a sustained economic recovery. This message is central to CICA’s 2012 pre-budget submission on behalf of Canada’s CAs to the House of Commons Standing Committee on Finance.

Between now and next spring, CICA will continue working on behalf of Canada’s CAs to alert the federal government to the importance of a simpler, more efficient tax system to Canadians and the Canadian economy. On October 23, 2012, Gabe Hayos appeared before the House of Commons Standing Committee on Finance to present our advice regarding Budget 2013.

In its pre-budget submission, CICA recommends that the federal government:

  • continue with its plan to balance the budget over time through expenditure controls rather than increasing the overall tax burden on Canadians
  • ease the personal income tax burden to help Canadians prosper during economic uncertainty and to help attract and retain talent in the global marketplace
  • reduce the complexity of Canada’s domestic tax regime to lessen the regulatory burden on Canadian businesses and attract investment, starting with a national consultation process to examine tax simplification measures, including possible immediate actions and longer-term approaches
  • provide further incentives to help Canadians save for their retirement and maintain the commitment to improving financial literacy among Canadians

If you have comments or views about tax simplification and other measures that should be considered in CICA’s recommendations on Budget 2013, email Gabe Hayos.


This document was originally prepared by a legacy CPA organization.