The activities of the Canadian Tax Foundation are directed by a board of 34 governors who are nominated in consultation with the Foundation’s founding bodies—the Canadian Bar Association and the Chartered Professional Accountants of Canada. Governors are elected for a one-year term by the members present at the annual general meeting, and they generally serve for three years. The elected board represents all regions of Canada, the accounting and legal professions, and other tax-focused disciplines, and it reflects a diversity of specialization and of business organization. The board carries out its work through an executive committee (which includes the Foundation's full-time Executive Director) and several other working committees that are concerned with, respectively, research, conferences and other events, membership, finances, and government and community relations. A nominating committee, in consultation with the Foundation's director, prepares a list of nominees for the election of a new board each year.
Support from the business and academic communities is essential to maintaining the Foundation's independence and impartiality, to sustaining a research program that will continue to be responsive to a constantly changing fiscal environment, and to developing new ways of communicating tax information in an increasingly sophisticated technological workplace.
Membership subscriptions, TaxFind subscriptions, conference and seminar fees, publication sales, and separate financial support from individuals and corporations all contribute to the Foundation’s success. The Foundation receives no funding or other assistance from government.