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Canada’s tax system is mired in the past and falling short of delivering a competitive environment and a fair society. It needs an overhaul so that Canada’s businesses and people can prosper and compete internationally.
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Canada needs to create jobs, attract investment and remain competitive on a domestic and global level. At a time when income inequality is rising, labour force growth is slowing and our closest trading partners are shoring up their tax systems, the state of our tax system is hurting businesses and individual Canadians alike.
In this report we look at the evidence and it is clear that our tax system is in disrepair and is adversely affecting our prospects, productivity and prosperity. It’s time to tackle tax issues across the board with a tax system review in the best interests of all Canadians.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.