"Unfortunately, Canada is hamstrung by a poor policy environment for business growth, including an antiquated tax system that defies understanding even by the most skilled tax accountants, complex and inefficient regulatory processes affecting many industries, internal trade barriers that fragment the domestic market, heavy direct government involvement in multiple sectors of the economy, and a federal government that seemingly lacks interest in doing much to improve the efficiency and productivity of the national economy."

One of my closest friends is a CFO for a small cap public company. He has said dealing with the CRA on some of these esoteric tax rules is by far the worst part of his job.