Surrey Business News

50 YEARS of Cut­ting and Past­ing

The Need to Mod­ern­ize Canada’s Tax Sys­tem

- Business · Tax Credit · Taxes · Canada News · Fraud · Politics · White-collar Crime · Crime · U.S. Chamber of Commerce

The last time Canada un­der­took a com­pre­hen­sive re­view of its tax sys­tem, hu­mankind had yet to set foot on the moon. In the five decades since, re­peated cut­ting and past­ing has left Cana­dian tax­a­tion un­com­pet­i­tive, cum­ber­some and in­ef­fi­cient.

Based on the con­sul­ta­tions con­ducted in the course of this study and the pol­icy res­o­lu­tions passed by its net­work, the

Cana­dian Cham­ber of Com­merce sug­gests the fed­eral gov­ern­ment adopt the fol­low­ing eight rec­om­men­da­tions to im­prove the tax sys­tem in Canada. All eight rec­om­men­da­tions should be ex­plored in the con­text of a com­pre­hen­sive re­view. 1. Ap­point a Royal Com­mis­sion to con­duct a com­pre­hen­sive re­view of

the Cana­dian tax sys­tem

2. Broaden the tax base to ex­plore the most ef­fec­tive tax pol­icy so­lu­tions

3. Ad­just the tax mix to bet­ter pro­mote busi­ness in­vest­ment and eco­nomic growth

4. Bridge the dig­i­tal tax di­vide to en­sure a fair and eq­ui­table tax sys­tem

5. Fur­ther sim­plify the tax fil­ing ex­pe­ri­ence with dig­i­tal fil­ing so­lu­tions

6. Pro­vide a rep­re­sen­ta­tive for small busi­ness to re­solve con­flicts with CRA

7. Leg­is­late a tax­payer char­ter of rights to hold CRA ac­count­able 8. Con­duct reg­u­lar com­pre­hen­sive re­views to keep the tax sys­tem up to date

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