OTTAWA – One of Prime Minister Mark Carney's point people on the government's budget consultations says Ottawa plans to tackle long-awaited tax code reform "one bite at a time" and changes for small businesses are high on the priority list.
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OTTAWA – One of Prime Minister Mark Carney's point people on the government's budget consultations says Ottawa plans to tackle long-awaited tax code reform "one bite at a time" and changes for small businesses are high on the priority list.
OTTAWA – One of Prime Minister Mark Carney’s point people on the government’s budget consultations says Ottawa plans to tackle long-awaited tax code reform “one bite at a time” and changes for small businesses are high on the priority list.
The Canadian Press spoke to a number of tax experts and advocates in recent weeks who all agreed that major reform to simplify and improve Canada’s tax system is long overdue.
They get little argument from Wayne Long, MP for Saint John—Kennebecasis and secretary of state for the Canada Revenue Agency and financial institutions.
“When you say the word tax code to people, everybody rolls their eyes. Everybody’s like, ‘Oh, the tax code used to be one book thick, now it’s two books thick. We just keep piling on,'” Long told The Canadian Press on Friday.
“Is a total review of the tax code needed? Absolutely.”
Long is one of the Liberal MPs who, alongside Finance Minister François-Philippe Champagne, have been fanning out across Canada for pre-budget consultations this summer.
Long said he sees the upcoming fall budget — the second delivered under Prime Minister Mark Carney — as “chapter two” in the Liberal government’s efforts to attract investment and set the country up for growth after the seismic shock of the U.S. tariff campaign.
