On May 11, 2026, TEI submitted recommendations to the Canadian House of Commons for improving the Canadian Income Tax Act. TEI's recommended reducing the compliance burden on corporate taxpayers by simplifying tax legislation, eliminating redundancy, and modernizing outdated tax regimes. Recommendations included streamlining the capital cost allowance system, modernizing the foreign affiliate regime, and creating a consolidated corporate tax filing. TEI's recommendations were prepared under the aegis of its Canadian Income Tax Committee, whose Chair is Sandy Shanks. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of the Institute's recommendations.
Read the recommendations here
Committee