Supporting the Ability of Canadian Companies to Invest in Foreign Subsidiaries

Many Canadian parent companies strive to expand their operations globally and in doing so, make significant investments in subsidiaries located outside of Canada. To protect these investments and limit risks, the parent company hedges the investment to limit foreign exchange loss that can otherwise accrue. Any gains and losses that arise from these hedges generally…

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Standardized Accounting: Reducing Administrative Burden for Business and Government

The introduction of the standardized accounting initiative by the Canada Revenue Agency (CRA) is intended to simplify tax compliance for businesses by harmonizing accounting, interest, and penalty provisions. It has, however, resulted in a significant increase in the transfer of funds between taxpayer accounts. The result is a significant administrative burden on taxpayers (both large…

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Role of Taxation in Enhancing Canada’s Productivity Through Encouraging Skills & Training for Small Business

The skills and labour shortage facing Canada is already nearing epidemic proportions due to increasing skill shortages, the aging of our workforce and global competition. According to the Conference Board of Canada, by 2020 Canada will be facing a labour shortage of nearly 1 million workers. The shortage of skilled workers and new job entrants…

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Ensuring Access to Post-Secondary Education

Issue: Without re-investment by the federal government in its postsecondary institutions, Canada cannot achieve its vision of being one of the most innovative and skilled countries in the world. Background: Accessible and high quality postsecondary education is vital to Canada’s economic, social and cultural development. The mandate of Canada’s colleges and institutes all share a…

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