Media Advisory - Senior executives to discuss Canadian tax system



    PwC survey results on tax burden released

    TORONTO, April 29 /CNW/ - On Thursday, May 7, 2009, in Toronto,
PricewaterhouseCoopers (PwC) will be hosting both the launch of its annual
Total Tax Contribution study as well as a panel discussion with senior
executives on the Canadian tax system. Media are invited to join the
presentations and hold one-on-one interviews with the speakers.

    
    The panel discussion features:
    -   David Stewart-Patterson, Executive Vice President with the Canadian
        Council of Chief Executives
    -   Larry Chapman, Canadian Tax Foundation Executive Director and CEO
    -   Sherrie Ann Pollack, Tax Executives Institute Regional Vice President
    

    In addition, Tom O'Brien, PwC Tax Partner, will present the results of
the 2008 Total Tax Contribution study. Done in conjunction with Canadian
Council of Chief Executives the study looks at the taxes large businesses in
Canada pay. This year's study expands and complements the prior year study
through incorporation of provincial tax data and expansion of data surrounding
the considerable compliance burden faced by Canadian businesses.

    
    Initial results show:
    -   Corporate income tax is just one aspect of the tax burden accounting
        for only 53% of total taxes paid;
    -   Companies incur huge compliance costs in dealing with 73 business
        taxes and over 280 taxing points, with many of which raise nominal
        Government revenues; and
    -   While Canada's overall total tax rate is competitive internationally,
        our complex compliance rules are second to last ahead only of the US.

    Date and Time:

    Thursday, May 7, 2009
    Breakfast and registration:  8:30 a.m. to 9:00 a.m.
    Presentation:                9:00 a.m. to 10:00 a.m.

    Location:
    Ivey Amphitheatre
    Ivey - ING Leadership Centre
    The Exchange Tower, 130 King Street West, (corner of King & York)
    Toronto
    

    For more information or to register for the event, please contact Carolyn
Forest, carolyn.forest@ca.pwc.com, 416 814 5730.

    PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
tax and advisory services to build public trust and enhance value for its
clients and their stakeholders. More than 155,000 people in 153 countries
across our network share their thinking, experience and solutions to develop
fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP
(www.pwc.com/ca) and its related entities have more than 5,200 partners and
staff in offices across the country.
    "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.





For further information:

For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
(416) 814-5730, carolyn.forest@ca.pwc.com; Nina Godard, PricewaterhouseCoopers
LLP, (416) 941-8383 x 13520, nina.godard@ca.pwc.com

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