Improving Canada’s Tax System with a Tax Attribute Transfer System

Providing a tax attribute transfer system for the members of a closely held corporate group would be in step with the actions taken by other countries that provide for some form of tax consolidation. Our recommendation would significantly enhance the liquidity and competitiveness of Canadian corporations as well as increase the competitiveness, fairness and certainty of Canada’s tax system, consistent with the objectives of the Government’s long-term economic plan set out in Advantage Canada.

Moreover, the adoption of a tax attribute transfer system should not result in a significant increase in the revenue loss of the federal or provincial governments over the fullness of time.

For more details, read our letter to the Ministry of Finance.

Improving Canada’s Tax System with a Tax Attribute Transfer System (3.16 MB)
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