2:00

Opening remarks and introductions

2:15

Panel: The Taxation of Corporate Groups: Loss Transfer, Full Consolidation, or Stay with the Existing Informal System?
Panel members:

• Albert Baker, Deloitte (Moderator)
• Brian Ernewein, Department of Finance, Ottawa
• Charles Taylor, Deloitte
• Graeme Cooper, University of Sydney
• Steve Orsini, Ontario Ministries of Finance and Revenue
• Michael Smart, University of Toronto
• Allister Young, Brock University
• Antony Ting, University of Sydney

Issues:

1. For many years, the Department of Finance and the CRA have accommodated unofficial means by which the losses of one member of a corporate group could be used to offset the taxable income of another member of the group. Is there a need to modify or replace this system, as discussed in the Department of Finance consultation paper of November 2010?
2. Provinces have long had concerns about tax planning which aims to shift taxable income from one province to another. Would a group taxation scheme make this worse?  
3. Perhaps “the devil is in the details” with respect to systems for group taxation. Would some systems create unacceptable complexity and high taxpayer compliance costs?

3:35

Break

4:05

Panel (continued)

6:00

Reception

7:00

Dinner
Keynote Address: "Reflections on Canada's Tax System"
Richard Bird, Professor Emeritus of Economics
University of Toronto

7:30

Breakfast

8:30

François Vaillancourt, Université de Montréal, “Prefilled Income Tax Returns: A Comparative Analysis of Australia, Belgium, California, Québec and Spain.”
Discussants: Rod Quiney, Simon Fraser University and Karen Wilkinson, Deloitte.

9:25

Break

9:55

Devan Mescall, University of Saskatchewan, “How Does Transfer Pricing Risk Affect Premia in Cross-Border Mergers and Acquisitions?”
Discussant: Kevin Markle, University of Waterloo; Muris Dujsic, Deloitte.

10:50

Break

11:20

Lyne Latulippe, Université du Québec à Montréal, “International Tax Co-ordination: Lessons from the Past.”
Discussants: Geoff Loomer, Dalhousie University and Shiraj Keshvani, Deloitte

12:15

Lunch

1:15

Michael Smart, University of Toronto, “Repatriation Taxes and Foreign Direct Investment: Evidence from Tax Treaties.”
Discussants: Ken Klassen, University of Waterloo; Tony Ancimer, Deloitte

2:10

Larry Chapman, "New Developments at the Canadian Tax Foundation”

2:30

Break

3:00

Benjamin Alarie, University of Toronto, “Price Discrimination in Income Taxation: Defending Half-Hearted Anti-Avoidance.” Discussants: Graeme Cooper, University of Sydney; Charles Taylor, Deloitte.

4:05
4:10

Wrap-up
End