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Getting Canada Back to Fiscal Balance

Getting Canada Back to Fiscal Balance

Public debt as a ratio to GDP soared in Canada and across the world during COVID-19 and is expected to...

Public debt as a ratio to GDP soared in Canada and across the world during COVID-19 and is expected to remain elevated, posing a growing challenge for policymakers.
The latest federal budget forecasts persistent deficit spending and increasing public debt without a clear plan for fiscal balance. With projections showing a continued rise in debt and interest payments consuming a significant portion of the budget, concerns arise about the sustainability of this approach. Moreover, the reliance on taxation to address the debt issue poses potential consequences for economic growth and competitiveness, particularly through discouraging business investment.

Blog /

CREATING BUSINESS REPORTING AND TAXATION REGULATION EFFICIENCIES

CREATING BUSINESS REPORTING AND TAXATION REGULATION EFFICIENCIES

The current regulatory landscape in British Columbia poses a significant challenge for companies due to the disparate disclosure requirements related...

The current regulatory landscape in British Columbia poses a significant challenge for companies due to the disparate disclosure requirements related to Transparency Registers, Speculation and Vacancy Tax, and Canada’s enhanced mandatory disclosure rules. The lack of harmonization in reporting criteria, filing timelines, and data elements creates an administrative burden for businesses, leading to potential errors, non-compliance risks, and increased resource demands. Addressing this issue is crucial to streamline the disclosure process, reduce complexities, and foster better compliance with both provincial and federal regulations.

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