Examining Canada's tax system

Canada’s increasingly complex tax system has renewed calls for reform, with businesses seeking a simpler and more streamlined approach.

In an interview with The Globe and Mail, partner John Tobin cautioned that meaningful reform could be challenging because the Income Tax Act consists of interconnected rules aimed at preventing businesses from changing their behavior to reduce tax.

He described tax reform as “an examination of unintended consequences,” explaining that changing one part of the system can have effects elsewhere.

Despite that complexity, there are opportunities for targeted improvements that would reduce administrative burdens for businesses. In particular, John suggested streamlining and accelerating the process for claiming investment tax credits for clean energy equipment or technology.

You can read more about our Tax work on our practice page.

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