CPA Canada report highlights governments’ disproportionate reliance on income taxes
The current tax regime lowers demand for insurance and could impose added costs on government budgets
Union uses findings to further push federal government to increase CRA funding
Investigation will identify any gaps and areas for improvement
Consultation paper outlines income tax measures announced in Budget 2018 that haven’t already been legislated
The federal government should review the tax system to ensure that it remains efficient
Each province must choose whether to implement the tax change related to passive investment income held by incorporated individuals introduced last year
Government officials will discuss best practices in tax administration and efforts against tax evasion with global counterparts
The proposed rules could result in a flight of capital out of the country, the group suggests
Getting rid of the surtax makes the personal income tax system more transparent