Archived - Minister of State (Finance) Responds to the Tabling of the Spring Report of the Auditor General of Canada
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April 28, 2015 – Ottawa, Ontario – Department of Finance
Following the tabling of the 2015 Spring report from the Office of the Auditor General of Canada, Minister of State (Finance) Kevin Sorenson made the following statement:
“I am pleased that the Auditor General concluded that the Government has appropriate practices to analyze proposed tax expenditures, monitor existing ones, and share information with the Canada Revenue Agency.
“The Auditor General has stated that ‘Finance Canada does a good job of analyzing new tax measures and monitoring existing ones.’ The Government monitors and evaluates tax expenditures on an ongoing basis to ensure that they meet their objectives effectively.
“The Government provides extensive information to both parliamentarians and Canadians through its annual Tax Expenditures and Evaluations report and its companion reference document, Tax Expenditures: Notes to the Estimates/Projections. These reports contribute to transparency and accountability.
“In fact, international organizations have recognized the high quality of Canada’s reporting on tax expenditures. Canada is also one of a handful of countries that publish evaluations of tax expenditures on a regular basis.
“Going forward, the Government will continue to look for ways to reduce the federal tax burden for all Canadians while publishing the Tax Expenditures and Evaluations report every year, making it available to parliamentarians and all Canadians.”
Office of the Minister of State (Finance)
Department of Finance