Good morning.
I consider myself a typical Canadian. I am also a CA with nearly 40 years' experience as a forensic accountant. I have two issues to bring up that I and many Canadians cannot get our heads around.
The first issue is the Phoenix payroll debacle. Blame is not the issue. I'm sure there's enough to go around. The bigger questions are these: How did it happen? How did the estimates keep increasing exponentially? Most important, how can this be prevented in the future?
The second issue is offshore income tax evasion. The public is not seeing enough done by the government. Why does it not appear that professional advisers are being held fully accountable? Without them, these schemes could not take place. “Too big to fail” is not acceptable; “too big to ignore” is the issue. To put this in human terms, with all these billions of dollars wasted, how many first nations could now have drinkable water or homes without mould? How many veterans could have their much-needed counselling?
Thank you for this opportunity.