CPA Canada is pushing for a principled approach to taxation in its pre-budget submission. Canada's current approach has resulted in complexity, poor implementation and insufficient consultation
John Oakey, vice-president of taxation at CPA Canada, says the rollout of the increase to the capital gains inclusion rate will go down in history as a good example of an unprincipled approach to tax policy.
"There was no consultation by the government regarding the proposed changes, only a ten-week implementation period provided with no legislation until the eight-week mark, and a marketing campaign that resulted in confusion and misinformation," he says.
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CPA Canada Administrator
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