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…
Issue Canada, committed to developing as a knowledge and technology supplier to the world and currently one of the world’s leading mining jurisdictions, lacks a comprehensive strategy to make mining and the mineral sector a key component of its continued growth on the world stage. Background Canada is one of the largest producers of minerals…
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…
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…
Canada’s small and medium-sized businesses are facing increased difficulty in securing adequate and affordable insurance coverage. Rapidly escalating insurance costs are having a negative impact on individual businesses and the Canadian economy. The insurance industry and insurers are in the business of making money for their stockholders. Failure to do so reduces investor confidence, which…