CPA Canada position paper: Making corporate group taxation more simple, fair and efficient

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s recommendations to the federal Department of Finance regarding the design of a new system for taxing of corporate groups.

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Strategic changes to how the government taxes corporate groups could increase the competitiveness of Canadian businesses globally. That is the position of CPA Canada in this submission paper  responding to the federal Department of Finance’s concerns raised in its November 23, 2010 consultation paper on the topic. Developed in consultation with members of the CPA Tax Policy Committee, this submission paper advocates for a group loss transfer system that formalizes most aspects of the existing system. 

You will learn about:

  • the key features CPA Canada suggests for a loss transfer system
  • what would be involved with designing a loss transfer system
  • how such a system would make taxation of corporate groups more simple, fair and broad
  • how such a system would improve the international competitiveness of Canadian businesses
  • how to address provincial concerns about such a system