Finance committee  First, there are innumerable economic studies. Jack Mintz recently did studies supporting the fact that lowering the Canadian income tax rate does generate jobs. As for the comment on the cash that's retained by corporations, they'll invest the cash when they have good opportun

Finance committee  The CICA has been quite public about that, and you couldn't have stated it better. We believe that would add a significant amount of simplification. Frankly, the evidence we have shows that most of the people who could benefit from those credits don't even understand them or can

Finance committee  Exactly, so it's not really encouraging any increase. We just think that a general rate reduction, tax reduction, for the people you mentioned is exactly the approach that should be taken.

Finance committee  I think that's probably something that requires a bit more study. There are a number of provisions in the Income Tax Act that actually do allow for rollovers, some between generations and some in the public sector. I think there are number of implications with what you propose. I

Finance committee  I'll just repeat a comment on the government's program on expenditure reduction. First, I agree that they should be doing that generally. The fact that they are doing it sort of across the board is maybe a bit of the easy approach. To some extent, I would have appreciated a more

Finance committee  Good morning. My name is Gabe Hayos, and I'm vice-president of taxation with the Canadian Institute of Chartered Accountants. On behalf of Canada's 78,000 chartered accountants, thank you for the opportunity to appear before this committee. In my remarks today, I will cover the