CGA-Canada open letter calls for frank talk on looming challenges
VANCOUVER, April 12 /CNW/ - In an open letter to the leaders of Canada's five major political parties, Anthony
Ariganello, President and CEO of CGA-Canada, calls on the next
government to seize the opportunity to reduce barriers to economic
growth and employment through efficient policies around tax
simplification and red tape reduction.
"Today's tight fiscal climate is precisely the right time to undertake
measures to safeguard our fragile economic recovery and improve the
business environment, yet we're hearing little real debate so far on
how the major parties will tackle the hottest issues," says Ariganello.
The open letter can be read on the association's election website, launched today.
"Canada's tax system has grown to become a convoluted tangle of rules,
credits and exceptions that even the people who administer it find
difficult to navigate. The burden of complying with this complexity is
most seriously felt by SMEs, who lack the resources of larger
enterprises and must divert their attention from more innovative and
productive pursuits," says Ariganello.
Among specific measures proposed by CGA-Canada is to introduce a 'sunset
provision' to help clear the backlog of unlegislated tax proposals that
cause uncertainty for taxpayers, preparers and administrators.
On regulation, CGA-Canada notes that the country's regulatory system has
evolved to become a vast mess of overlapping, costly and confusing
requirements, with the compliance burden an overwhelming drain on the
limited resources of SMEs. "We simply must find smarter and more
efficient ways to achieve the regulatory protections we desire," says
Measures proposed by CGA-Canada include the new government convening a
Federal-Provincial-Territorial-Municipal meeting to agree on a
cooperative framework for reducing red tape. Surveys consistently show
that it is the cumulative effect of regulatory duplication that is the
most onerous aspect of compliance.
In the open letter, CGA-Canada also identifies the hot issues that the
next government must prioritize:
Renegotiating health transfers to the provinces
Adapting to the healthcare challenges of an increasingly older
Creating long-term funding for cities and necessary public
Providing pension and retirement income security; and
Ensuring the sustainability of Canada's social programs as the country's
These challenges will require extensive consultation and difficult
financial choices. All the more reason, says Ariganello, why the next
government should deal with the relatively manageable challenges of tax
and regulatory reform now.
Founded in 1908, the Certified General Accountants Association of Canada
serves 75,000 Certified General Accountants and students in Canada and
more than 90 countries. Respected accounting and financial management
professionals, CGAs work in industry, finance, government and public
practice. CGA-Canada establishes the designation's certification
requirements and professional standards, offers professional
development, conducts research and advocacy, and represents CGAs
nationally and internationally.
For further information:
For more information on CGA-Canada visit:
For further information, please contact:
Telephone: 604 605-5055
Cellular: 604 307-0212
Senior Communications Advisor
Telephone: 604 694-6700