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Canada’s tax system is complicated and bloated. It’s time to follow the path of our global peers and conduct a major tax review. Read our brief summary to understand why this is necessary for Canada now.
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Taxes support the much-needed healthcare and education systems that we rely on. At the same time, a well-designed and administered tax system creates jobs and helps build a fair society.
It’s been over 50 years since Canada had a comprehensive tax review and in that time our tax system has become overly complicated and inefficient. The world is a much different place today.
Canada needs to be better positioned to compete for jobs, talent and investment with a fairer, simpler and more efficient tax system.
In two pages, we explain why Canada needs a tax review – now.
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.