“Canadian families and businesses incur significant costs complying with the tax system. Those costs include direct spending on items such as accountants, lawyers, and computer software, as well as the financial cost of the time it takes to compile the materials and complete the forms. Governments also incur costs to administer and collect taxes. These costs are driven in part by the complexity of the tax system. This study measures the evolution of tax complexity and finds that, according to various empirical measurements, the federal tax system in Canada has generally become more complex over time.”
The complete study is available here.
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- Posted by Robert Robillard
- On 18 May 2015
- 0 Comments
- Canadian Income Tax Act, Corporate tax Canada, Tax complexity