TAX REFORM-CANADIAN
STYLE
by Geoffrey M. Colley
Last November, the Canadian government presented
a series of "Proposals for Tax Reform." This White Paper
on taxation was brought forward for public examination
and discussion in advance of the introduction of definitive
legislation.
As those who have followed recent developments in
the Canadian tax scene are aware, it has taken some
seven years of study, discussion and research to bring
the subject of tax reform to its present stage. Strong resistance
to certain of the proposals has developed and
it now appears entirely possible that the government's
January 1, 1971 target date for implementing the package
may not be met.
What the proposals mean and how they are likely to
affect you are the real questions rather than simply
which proposals are apt to be implemented or when.
27
