Daily news service
Government of Canada
When Bill Morneau was appointed Minster of Finance last November, the consensus seemed to be that his ties to Bay Street would be a useful tool for the government as it moved forward with its agenda. But it hasn’t exactly been smooth sailing for the former head of HR giant Morneau Shepell – deficit projections, a collapsing loonie, and the oil & gas shock have kept him plenty busy since coming into office. Now the issue of the day appears to be taxation, as the Panama Papers controversy has left a sour taste in the mouths of voters. Morneau has pledged to increase efforts to clamp down on those evading tax payments; accordingly, the government recently increased the budget for tax inspectors at the Canada Revenue Agency.