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CPA Canada has been making headlines this month, winning an international award and discussing the need for tax reform. (Shutterstock/Rawpixel.com)

Accounting | News

In the news: CPA Canada wins top award, reiterates need for tax reform in newspaper editorial

From winning big at the 2018 Digital Accountancy Forum to encouraging Ottawa to revamp Canada’s tax framework, here are the headlines we made so far this October

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BIG WIN AT 2018 DIGITAL ACCOUNTANCY FORUM 

CPA Canada President and CEO Joy Thomas attended the event. (Image provided)

CPA Canada has walked away with the Communications Campaign of the Year Award (Professional Body) at the 2018 Digital Accountancy Forum presented by The Accountant and International Accounting Bulletin.

The seventh annual event took place on October 4, 2018, at the Waldorf Hilton in London, U.K. Joy Thomas, president and CEO of CPA Canada, was on hand at the gala event to accept the award, which recognized CPA Canada for its response to the federal government’s tax proposals for private corporations.

“This recognition is especially important for CPA Canada as it showcases on the international stage how the profession is committed to acting in the public interest,” said Thomas. “We did our research. We consulted broadly and ultimately we were able to effectively present a balanced point of view effectively to the federal government. Thanks and congratulations to the whole team who delivered such a good result.”

CPA Canada was also shortlisted as a finalist for Thought Leadership Initiative of the Year Award, which it won last year. Click here to see the full list of this year’s winners.

CAMPAIGNING FOR COMPREHENSIVE TAX REFORM

Double exposure of business graph with a stack of coins Revamping Canada’s tax framework is imperative, says CPA Canada (Shutterstock/Number1411)

In a joint op-ed for the Globe and Mail, Joy Thomas, president and CEO of CPA Canada and Perrin Beatty, president and CEO of the Canadian Chamber of Commerce, drew attention to the pressing need for Canada to review its “now-outdated tax system.” 

Titled “It’s time for Ottawa to look at implementing a 21st-century tax system,” the opinion piece reflects the results of CPA Canada’s Q2 Business Monitor* survey that revealed business leaders consider Canada a less competitive place to invest and do business versus the U.S. compared to one year ago. 

The op-ed article also offered suggestions for what a revamped tax framework should look like. They included: developing a system that is as simple, fair and efficient as possible and maintaining a regular review process to keep up with change. To read the whole article, click here.

*The CPA Canada Business Monitor, commissioned by CPA Canada and conducted by Nielsen, is issued quarterly.