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Stock impact report

Tax system requires review: CPA survey [Advisor.ca (Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Company Research Source: Advisor.ca
It’s time for a review of Canada’s tax system, says a survey of chartered professional accountants (CPAs). The latest CPA Canada business monitor (Q4 2017) shows that a majority (71%) agrees Canada needs a comprehensive review of its tax system. CPA Canada has been a proponent of a tax system review to reduce complexity, ensure economic competitiveness and increase system fairness. U.S. protectionism and other concerns For the fourth-straight quarter, U.S. protectionist trade sentiment is viewed as the top challenge to Canadian economic growth, cited by 29% of respondents. Next was economic uncertainty (12%) followed by the state of the U.S. economy (11%). When it comes to Canada’s economic growth, only 3% of those surveyed said U.S. tax reform is a top challenge. (The survey was conducted from Nov. 29 to Dec. 18, 2o17, before U.S. tax reform passed.) Read: U.S. tax changes and market valuations Sun Life Financial predicts impact of U.S. tax Show less Read more
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