On August 22, 2017 the Honourable Tom Osborne, Minister of Finance and the President of Treasury Board, announced a review of the Province’s tax system. To guide the review, an independent five-person committee was appointed with members having varying backgrounds in economics, taxation and public policy.
The main objectives of the independent tax review are to:
- Ensure the Province’s tax system is competitive and fair
- Identify ways to simplify the tax system
- Reduce costs for both government and tax payers
- Consider whether the appropriate tax mix is applied to taxpayers as well as the progressivity of the tax system
The Independent Tax Review Committee has been mandated to complete its review and submit a final report to the Honourable Tom Osborne by November 2018.