The Department of Finance is undertaking consultations on the taxation of corporate groups. The consultations could lead to the adoption of a more formalized system of loss transfers or some form of consolidated reporting, which could dramatically alter the taxation of many corporate groups in Canada. These consultations were launched with the release of a 33-page consultation paper on November 23, 2010, and the government is soliciting comments on them until February 25, 2011.
As part of our contribution to this important debate, we are polling Canadian tax and financial executives for their views on these potential new measures. Please take 10 minutes or so to share your comments and concerns by answering the questions in our survey by January 28, 2011. Your confidential responses will help shape our comments to the Department of Finance.
We will share the survey results and our final submission to the Department of Finance with you once the consultation period has closed.
Thank you for taking the time to provide your input into this important matter.
Access the survey here.
KPMG LLP, the audit, tax, and advisory firm, a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International. KPMG International’s member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries.