Deloitte: The Future of Tax — Policy Recommendations for Canada’s 2011 Budget

Oct 28, 2010 | Corporate Member News

On October 22, 2010, Deloitte submitted our tax policy recommendations to the Minister of Finance in anticipation of Budget 2011. Deloitte is committed to helping shape tax policies that position Canada to be globally competitive. This commitment is made real through direct communication with key government committees, policy makers, our clients and the public at large.

Our policy recommendations for the 2011 federal budget and beyond are:

  • Take steps to make the personal tax system more globally competitive
  • Develop a focused immigration vision to attract and retain educated, entrepreneurial and innovative individuals
  • Enhance research and development (R&D) incentives within the existing framework
  • Foster angel and venture capital investment in innovation
  • Consider the goods and services tax (GST) as a potential source of future government revenue, and review the application of the GST in the context of the financial services sector
  • Encourage Canadians to better save for retirement
  • Enhance certainty in tax law
  • Take a consultative approach when contemplating significant changes to complex tax legislation

We believe that Canada requires an innovation-friendly economy and that the tax regime is a powerful instrument for bringing this about. Innovation requires entrepreneurs, competitive R&D incentives, a willingness to invest in emerging companies and other measures to support development of the world-class businesses that will drive Canada’s economic growth.

© Deloitte & Touche LLP and affiliated entities.
TM © 2006, VANOC.

Deloitte, one of Canada’s leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,700 people in 58 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

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