The Red Deer and District Chamber of Commerce says they are leading the way on combating recently proposed federal tax changes.
During the Canadian Chamber of Commerce Annual meeting this weekend in Fredericton New Brunswick, the Chamber called for a Royal Commission to "review and revise Canada’s taxing statutes, to ensure a fair, simple and modern tax system for all Canadians."
Chamber officials say the move is a strong recommendation that aims to remove the political and bureaucratic influences in relation to Canada’s tax code that businesses are seeing in recent proposals put forward by Finance Minister Bill Morneau.
The Chamber admits a Royal Commission is a long and comprehensive process but are joined by chambers across Canada in the feeling that it’s the best mechanism to ensure all taxpayers have the chance to provide input into a tax code that reflects today’s realities.
The recommendation calls for the federal government to:
- Extend the current consultation period beyond October 2, 2017 so as to ensure broad participation by Canada’s SME community.
- Establish a Royal Commission to undertake a comprehensive review of taxing statutes guided by the principles of simplification and modernization, as well as having the goal of reducing compliance costs to make Canada a competitive tax regime once again.
- Establish a standing committee, with active representation from the SME community to support the commission by continuously monitoring changes and publicly report progress at least annually.
In a release, Red Deer and District Chamber of Commerce CEO Robin Bobocel says, “We felt strongly that only a Royal Commission can achieve the goals of developing a new federal taxation system guided by the principles of simplification and modernization. We are pleased that chambers of commerce from coast to coast to coast will be united in a call for the federal government to undertake the first real review of Canada’s tax code since the Carter Commission in 1962 and I couldn’t be prouder that it was the Red Deer and District Chamber of Commerce which provided this leadership.”
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