Finance committee  The objective of the review is tax simplification, the process and tax reform.

Finance committee  Certainly tax expenditures contribute to the complexity, and there's more information coming out on exactly who benefits from these tax expenditures. An interesting study was published last week or the week before about that. In the study they showed that the actual net benefit i

Finance committee  Certainly we're supportive of that recommendation. As Mr. Monk pointed out, in terms of standard business reporting the platform is XBRL. Essentially, as I understand it, it's really allowing businesses to communicate with government in one financial reporting language so that i

Finance committee  I will. Thank you very much for your question. I think this committee has heard me, a few times, talk about taxification. And welcome, Mr. Saxton, to this committee. I have a new audience for this topic that is near and dear to the hearts of accountants. Despite it being co

Finance committee  Thank you, Mr. Chair. Honourable members, thank you for the opportunity to participate in the pre-budget consultations leading up to Budget 2014. I am pleased to be here today to deliver remarks and recommendations on behalf of the Certified General Accountants Association of C

Finance committee  If I answered yes to the question, I'd have the ire of every one of my members and would probably get fired by the end of the day. No, absolutely, this bill needs to get passed. My concern doesn't result in the study of this bill. This bill has been studied; it's been consulted.

Finance committee  None that have come to our attention. It doesn't mean there has not been, but we've sought out the opinions of our members, and none have come to our attention, no.

Finance committee  Yes.

Finance committee  I would agree with that.

Finance committee  No.

Finance committee  Those are two great ideas. Those are ideas we've discussed with the Canadian Institute of Chartered Accountants, with Mr. Hayos and others, for a number of years. They are ideas that we brought forward to the committee, and we noted that the committee, in its report on the last p

Finance committee  The cost that accounts for 2% of GDP is a statistic that was mentioned during the Summit on Tax Simplification which we held last December. Some of our participants identified costs related to it. If I am not mistaken, it is a number that was presented by the Fraser Institute. It

Finance committee  Thank you for your question, Mr. Côté. Unfortunately, I am not the person who is best able to answer your question about section 56.4 of the Income Tax Act. You would have had to invite the author. However, I am sure that the experts at the table will be able to answer your ques

Finance committee  We would say 12 months, 24 months, and 48 months. For us it's the principle of it. Whatever parliamentarians may think is reasonable is certainly acceptable, as long as there's a principle that there is a trigger, on a regular basis, for legislation to be brought forward. Whateve

Finance committee  We haven't looked at the evolution of technical tax legislation in Westminster according to the status of Parliament, whether it was minority, majority, or the rest. I think that question is moot. I think there is a legislative timetable, and there is priority, and it is up to go