-- The CRA says there are 165,500 charities across Canada, employing more than 2m people, representing 11% of "the economically active population."
-- Imagine Canada's data shows that the charity sector represents $106.4 billion or 7% of Canada's GDP.
-- The number of Canadians making charitable contributions fell from 5.8m in 2008 to 5.6m in 2009.
-- The amounts donated dropped to $7.75 billion in 2009 from $8.19 billion in 2008.
MONCTON, NB, Oct. 4, 2011 /CNW/ - Tax simplification is not only desirable and beneficial, it's achievable, said the Certified General Accountants Association of Canada (CGA-Canada) during its pre-budget appearance before the House of Commons Standing Committee on Finance.
"Faced with a tight fiscal situation and the need to control spending, the federal government will need to look for efficiencies and revenue-neutral or low-cost initiatives, as it manages the economy," the association noted. "Taking concrete steps to address tax measures or policies that unnecessarily add complexity to the tax system is an obvious solution."