Following last month’s federal budget, Finance Minister Bill Morneau defended Canada’s corporate tax regime and cited regulatory issues as a priority for dealing with Canada’s competitiveness problems.
Canada absolutely needs a comprehensive review of our uncompetitive, cumbersome and inefficient tax system. Given the Minister’s post-budget assertion, it is an opportune time to take a quick walk through the good, the bad and the ugly of federal efforts to address Canada’s regulatory competitiveness problem.