OTTAWA, Dec. 13, 2012 /CNW/ - The Certified General Accountants
Association of Canada (CGA-Canada) applauds the recommendations made by
the Commons finance committee in its 2012 Pre-Budget Consultations Report. Through nationwide consultations with the public, the committee has
delivered a comprehensive set of recommendations that aim to reflect
Canadians' priorities for the 2013 federal budget.
Among the many recommendations made in the report, CGA-Canada is
particularly pleased with the attention given to tax simplification,
which has long been a key priority for the national association and its
In specific, the Commons committee echoes CGA-Canada's call for the
federal government to explore ways to simplify the Income Tax Act (ITA) in order to reduce complexities and inefficiencies. Moreover, the
committee recommends that a royal commission be established to
undertake a comprehensive review of the ITA. This builds on last year's
recommendation made by this committee for the creation of an expert
panel to modernize and simplify the tax system.
"The report released yesterday demonstrates that the government is
listening and recognizes the importance of tax simplification," says
Anthony Ariganello, president & CEO of CGA-Canada. "These
recommendations support the growing call for tax reform in Canada. Just
last week, influential thought leaders met in Ottawa at CGA-Canada's
Summit on Tax Simplification and agreed that action on tax
simplification is necessary and that the federal government must move
swiftly to make needed improvements to Canada's tax system."
The committee's recommendations also touch on several other key areas of
interest to CGA-Canada, including financial literacy, red tape
reduction, securities regulation and internal trade.
For more on CGA-Canada's position on tax simplification, click here.
Founded in 1908, the Certified General Accountants Association of Canada
serves 75,000 Certified General Accountants and students in Canada and
nearly 100 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.
Visit us online: www.cga.org/canada
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