Media Release
Toronto, December 10, 2008
Today, the Advisory Panel on Canada's System of International Taxation provided its recommendations to the Minister of Finance in its final report, Enhancing Canada's International Tax Advantage. The Advisory Panel was formed by the Government of Canada in November 2007 to provide recommendations to improve Canada's international tax policy respecting foreign investment by Canadian businesses and investment into Canada by foreign businesses.
"Competitiveness at the global level is crucial to promoting growth and productivity in the Canadian economy and creating skilled jobs and wealth for Canadians," said Peter C. Godsoe, O.C., the Panel's chair. "Canada's international tax policy is important to support and enhance our country's competitiveness in a changing global environment. Improving our international tax system will enhance Canada's advantage to the benefit of all Canadians."
The Panel's recommendations seek to improve Canada's tax system regarding outbound and inbound business investment, non-resident withholding taxes, and administration, compliance and legislative process. The Panel's goal was to offer pragmatic, balanced and actionable advice to the Minister of Finance.
For more information on the Panel and to access its report, please visit
www.apcsit-gcrcfi.ca. Print copies of the report are available from the Department of Finance Distribution Centre at 613-995-2855.
For further information, media may contact:
Brian Mustard
Executive Director, Secretariat to the Advisory Panel
613-947-9482
