On July 31, TEI submitted recommendations to the Canadian House of Commons’ Standing Committee on Finance regarding its pre-budget consultations for the 2025–2026 fiscal year.
TEI recommended that the Canadian government conduct a comprehensive review of 1) the tax compliance burden faced by Canadian taxpayers; 2) the income tax audit process, from the start of the audit itself through to appeals and dispute resolution; and 3) the overly complex and burdensome foreign affiliate taxing and reporting regime. TEI recommendations were intended to improve the fairness and efficiency of the Canadian tax system while reducing the compliance burden on taxpayers.
TEI’s Canadian Income Tax Committee, whose chair is Sandy Shanks, developed TEI’s recommendations. Benjamin R. Shreck, TEI tax counsel, coordinated the development of the comments.
To read the comments, click here.
