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Federal Budget: No reduction of the administrative burden

Federal Budget: No reduction of the administrative burden

The absence of measures to reduce red tape and administrative burden in the federal budget in 2016 was denounced by the Canadian Payroll Association (CPA).
In a statement released Thursday, the ACP regrets that Ottawa has not adopted changes to reduce costs and administrative burden while many measures proposed in the budget the Minister of Finance Bill Morneau affect payroll.

The organization believes that Ottawa could include adopting e mode as standard method of distributing T4 slips.

"During the many consultations that the CPA had with government officials in the past five years, we have provided evidence that demonstrate the benefits of electronic T4 for all stakeholders," said Patrick Culhane, President and Chief the direction of the Canadian payroll Association lamenting that "the government has not taken the necessary steps to develop this significant cost and resource reduction initiative, knowing that the government itself uses electronic solution for distributing T4 slips to its 250,000 employees. "

According to the ACP, these changes have enabled employers to increase productivity and save more than $ 100 million.

Furthermore, the Association regrets that Ottawa has not also introduced a threshold exemption for the benefit of the life insurance of retirees and the absence of measures to adjust the thresholds taxable benefits depending inflation.

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Master of Economics, University of Harvard, worked as an analyst in a few large companies and specializes in many countries. Currently owned by a large company that conducts assessment of investment attractiveness in the various countries of the world.