Ordre des comptables agréés du Québec

Ordre des comptables agréés du Québec

March 31, 2009 15:36 ET

The Ordre des Comptables Agrees du Quebec Submits a Brief to the Ministere des Finances du Quebec on Aggressive Tax Planning

MONTREAL, QUEBEC--(Marketwire - March 31, 2009) - The Ordre des comptables agrees du Quebec submitted a brief today to the Ministere des Finances du Quebec as part of the public consultation on the review of the legislative framework intended to curb aggressive tax planning.

The Ordre supports the objectives of this review which promote social change and the creation of collective wealth, and points out that taxpayers have a legitimate right to plan their affairs so as to minimize their tax burden.

"The Ordre acknowledges that the government's concerns regarding aggressive tax planning are justified and that protecting the tax base and ensuring that all taxpayers pay their fair share of taxes are inseparable objectives that are fundamental to the mission of the Ministere des Finances du Quebec and the Ministere du Revenu du Quebec. However, the Ordre is troubled by the potential impact of the proposed measures on Quebec's tax competitiveness," said Daniel McMahon, CA, FCA, President and CEO of the Ordre.

One of the Ordre's recommendations is that the Ministere wait until it secures a commitment from the federal government and a minimal number of provinces to adopt similar measures before taking the steps it is considering.

With a membership of close to 17,500 CAs and 1,860 candidates for the practice of the profession, the Ordre des comptables agrees du Quebec carries out its primary mission to protect the public by enforcing the most demanding admission criteria and the highest professional and ethical standards.

The brief prepared by the Ordre des comptables agrees du Quebec is available on the Ordre's home page at www.ocaq.qc.ca.

Contact Information

  • Ordre des comptables agrees du Quebec
    Caroline Emmanuel
    External Relations Manager
    514-982-4615 or 1-800-363-4688, ext. 4615
    c.emmanuel@ocaq.qc.ca