Dominic Cardy, interim leader of Canada’s newest federal party, on Wednesday advocated the biggest revision of the Income Tax Act in 60 years. Cardy’s Canadian Future Party is the 18th federal party registered with Elections Canada, per Blacklock's Reporter.“I promise we are going to be courageous,” Cardy, former New Brunswick education minister, told reporters. “We are coming to be competent and we are going to be evidence based."“This Party was created because Canadians asked for it.”The Party’s Interim Policy Framework promises to “deliver in 18 months a simplified tax code that would close loopholes.” Cardy’s draft platform document did not detail what loopholes the Party proposed to eliminate.“One of the great things about starting a new party is we can be very clear about our principles,” said Cardy. “We don’t have the baggage that some of the old parties have.”“We are going to offer a program that is going to have some fairly new ideas, different from the other parties, to change the country,” said Cardy. “If we are able to meet that, that’s fantastic. If the other parties take our policies, that’s great too. We are here to try and make as loud a noise as we can about sane, evidence-based decisions.”The current Income Tax Act runs to 3,435 pages and is rated so convoluted the British Columbia Court of Appeal in 2019 called it “painfully complex.” Parliament last undertook a comprehensive review of the Tax Act with the 1962 appointment of a Royal Commission on Taxation. The Commission’s 1966 final report concluded the system “needlessly distorts the distribution of productive goods and services” and “fails to compensate where it could.”Groups including the Chartered Professional Accountants of Canada, Canadian Taxpayers Federation, Senate Banking Committee and Senate National Finance Committee have appealed for a simplified tax code. “Our tax system has become a ponderous, unwieldy monster,” Sen.Elizabeth Marshall, a former provincial auditor, earlier told reporters.“Tax policy is not just about governments’ hands in our pockets,” said Marshall. “It affects countless aspects of our lives.”The National Finance Committee in a 2017 report recommended cabinet review and simplify the Act. “Our committee firmly believes it is time to undertake this difficult task,” said Marshall. The last tax review took four years to complete.Opposition Leader Pierre Poilievre on June 11 said any future Conservative cabinet would undertake a review.“Within 60 days of becoming prime minister, my government will name a tax reform task force of entrepreneurs, inventors, farmers and workers but no lobbyists,” Poilievre told the Commons..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
Dominic Cardy, interim leader of Canada’s newest federal party, on Wednesday advocated the biggest revision of the Income Tax Act in 60 years. Cardy’s Canadian Future Party is the 18th federal party registered with Elections Canada, per Blacklock's Reporter.“I promise we are going to be courageous,” Cardy, former New Brunswick education minister, told reporters. “We are coming to be competent and we are going to be evidence based."“This Party was created because Canadians asked for it.”The Party’s Interim Policy Framework promises to “deliver in 18 months a simplified tax code that would close loopholes.” Cardy’s draft platform document did not detail what loopholes the Party proposed to eliminate.“One of the great things about starting a new party is we can be very clear about our principles,” said Cardy. “We don’t have the baggage that some of the old parties have.”“We are going to offer a program that is going to have some fairly new ideas, different from the other parties, to change the country,” said Cardy. “If we are able to meet that, that’s fantastic. If the other parties take our policies, that’s great too. We are here to try and make as loud a noise as we can about sane, evidence-based decisions.”The current Income Tax Act runs to 3,435 pages and is rated so convoluted the British Columbia Court of Appeal in 2019 called it “painfully complex.” Parliament last undertook a comprehensive review of the Tax Act with the 1962 appointment of a Royal Commission on Taxation. The Commission’s 1966 final report concluded the system “needlessly distorts the distribution of productive goods and services” and “fails to compensate where it could.”Groups including the Chartered Professional Accountants of Canada, Canadian Taxpayers Federation, Senate Banking Committee and Senate National Finance Committee have appealed for a simplified tax code. “Our tax system has become a ponderous, unwieldy monster,” Sen.Elizabeth Marshall, a former provincial auditor, earlier told reporters.“Tax policy is not just about governments’ hands in our pockets,” said Marshall. “It affects countless aspects of our lives.”The National Finance Committee in a 2017 report recommended cabinet review and simplify the Act. “Our committee firmly believes it is time to undertake this difficult task,” said Marshall. The last tax review took four years to complete.Opposition Leader Pierre Poilievre on June 11 said any future Conservative cabinet would undertake a review.“Within 60 days of becoming prime minister, my government will name a tax reform task force of entrepreneurs, inventors, farmers and workers but no lobbyists,” Poilievre told the Commons..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
