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Finance committee  There are a lot of great minds in Canada. What we see is getting some of those great minds around the table and providing a mandate to eliminate, consolidate, and streamline the tax system in such a way that we can reduce administration costs around the country. That's really the

October 18th, 2012Committee meeting

Peter Effer

Finance committee  It's metrics. The metrics is TEBA, tax earned by audit. It's a statistic that is tracked by the CRA of respective reassessments. We are suggesting that the appropriate statistic would be, as Mr. Conway indicated, the goals. Let's talk about dollars settled as part of audits. I'

October 18th, 2012Committee meeting

Peter Effer

Finance committee  Yes, absolutely. The CRA would establish, in consultation with industry, some parameters to determine what a settlement process would be.

October 18th, 2012Committee meeting

Peter Effer

Finance committee  No, they don't. It's just simply a metric.

October 18th, 2012Committee meeting

Peter Effer

Finance committee  What we're talking about is focusing on settling items rather than just reassessing them. Under the legislation and supported by the tax courts, the auditors don't have the authority to actually settle items with taxpayers based on a range of potential outcomes. It has to be a pr

October 18th, 2012Committee meeting

Peter Effer