Finance committee  Our recommendation is aimed at ensuring that capital cost allowance or tax appreciation is competitive, and as a technology changes, as the useful life of an asset changes, if the rates don't keep up, then you're putting business at a competitive disadvantage. Usually what happen

Finance committee  Yes, we have more detailed briefs that we can get to the committee that deal with—

Finance committee  It will be going up on the website, yes.

Finance committee  It's a very good question, because you're right, people talk about simplification, but then when it comes to some particular program, it runs into some resistance. We've recommended a few areas where there should be simplification, where I think there could be some major impact.

Finance committee  The value of forensic accounting is really dealing with a fraud issue. I believe the best approach is to have a system that encourages people to comply. If people feel the tax system is fair...I think things like a value-added tax make it more difficult not to comply or have co

Finance committee  Yes, Quebec has a sales tax system that is harmonized with the federal GST. Although these systems are operated independently and administered independently, they are harmonized, in the sense that they have a common base and are calculated in much the same way.

Finance committee  As part of this review, we urge the government to make credits refundable for all claimants, regardless of size, or consider allowing an offset through which they are creditable against an employer's portion of EI premiums. If we are to stay competitive and attract the best and

Finance committee  Good morning. I am Bruce Flexman, chair of the CICA Tax Policy Committee and president of the International Financial Centre of British Columbia, which looks to attract international business to Canada and British Columbia. On behalf Canada's 77,000 chartered accountants, I thank

Finance committee  Yes, that's part of our submission. We believe that for companies that are trying to grow there should be a refundable aspect to the credits.

Finance committee  This is my segue, is it? I think the issue around tax consolidation is an administrative issue. Quite frankly, many organizations are able to restructure and effectively offset losses with profits in different companies within a common group. I think the major concern is you're

Finance committee  As part of our recommendations, we encourage the adoption of the panel report on international taxation. That is something on which we did not get into the details, but there are a lot of recommendations dealing with issues with respect to the whole international taxation system

Finance committee  It's actually an interesting phenomenon that Canada has become more competitive internationally with its corporate tax system. One of the themes of the international taxation report is that Canada should be developing its international tax policies around the fact there's not the

Finance committee  I'm not sure exactly what the question relates to. Is it the funding of the EI program?

Finance committee  The comparison I referred to in terms of Canada's competitiveness was with respect to the corporate income tax. So once these changes flow through in 2012, Canada would be the lowest of the G-7, assuming the other countries do not change their corporate tax rates. With respect

Finance committee  Thank you. On the approach that we believe should be taken with the deficit, one would have to look at the spending side of the equation and monitor the ability of the economy to pay for it. Population growth should be taken into account, but it shouldn't be allowed to expand at