OTTAWA, June 26 /CNW/ - Canada's Certified General Accountants applaud
the report of the Competition Policy Review Panel as an instructive framework
for a more competitive Canadian economy.
CGA-Canada made a submission to the panel and is pleased to see many of
its recommendations reflected in the panel's final report, particularly the
need to balance regulation with competition, and the need to improve internal
"CGA-Canada welcomes the work of the expert panel and will continue to
work with government in implementing these recommendations," said
Anthony Ariganello, CPA (DE), FCGA, President and CEO of CGA-Canada. "We need
to ensure that standards and regulations are appropriate, effective and
efficient and do not hinder or impair the free flow of services within Canada
and with our trading partners. We also need to guard against new barriers to
competition or entry to professions for qualified individuals."
The report calls on the federal government to show leadership on issues
such as internal trade and securities regulation. It also urged all levels of
government to work cooperatively in the national interest. As well, the panel
noted the work of a CGA-Canada led coalition of business, industry and
professional associations on the internal trade issue.
"This report is yet further validation that Canada's Agreement on
Internal Trade requires improvements if we are to achieve a free and open
market across the federation," said Ariganello. "We welcome the timelines
proposed for eliminating barriers to the free flow of goods, services and
He also noted that the panel's recommendations to reduce personal and
corporate income taxes, harmonize provincial sales taxes with the federal GST,
and streamline regulations are in line with long-standing CGA-Canada
CGA is the fastest-growing accounting designation in Canada. The CGA
designation focuses on integrity, ethics and the highest education
requirements. Recognized as the country's accounting business leaders, CGAs
provide strategic counsel, financial leadership, and overall direction to all
sectors of the Canadian economy.
The Association sets standards, develops education programs, publishes
professional materials, advocates on public policy issues, and represents CGAs
nationally and internationally. The Certified General Accountants Association
of Canada represents 68,000 CGAs and students in Canada, Bermuda, the
Caribbean, Hong Kong and China.
For further information:
For further information: Carole Presseault, Vice-President, Government
and Regulatory Affairs, CGA-Canada, Telephone: (613) 789-7771, Cell: (613)
796-0422, Email: email@example.com