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Ottawa Eyes Tax Reform, With Small Business Relief a Top Priority
Officials are weighing changes that could simplify the tax code and end boutique credits as small businesses press for relief.
Canada plans to approach tax code reform cautiously, prioritizing small business relief according to a key adviser involved in budget consultations with Prime Minister Mark Carney's government.
A total review of Canada's tax code is deemed necessary, emphasizing the need for significant changes.
The government aims to lower barriers to attract major international investors by making Canada a more appealing place to invest.
Experts emphasize the need to reduce bureaucratic burdens to help small businesses grow and judge government commitment by forthcoming budget actions.