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Sunday News Roundup 24.09.22: NDP backs off carbon tax, free trade disaster, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Practice

Employees Beware: Upcoming legislation affecting capital gains will impact employee stock options

David J Rotfleisch explains how Department of Finance changes to legislation, which are expected to be retroactive to June 25, 2024 will affect stock options
Practice

Are poker winnings now taxable In Canada? A Canadian tax lawyer's analysis of four Tax Court Of Canada recent poker decisions

When a taxpayer relies on other means to sustain their lifestyle, poker-playing activities fail to comprise a source of income, explains David J Rotfleisch
Practice

PCAOB releases two new, divergent inspection reports for Canadian accounting firms

While Deloitte Canada continued its recent record of success, Kreston GTA respectfully disagrees with significant deficiencies cited by the US audit watchdog
Practice

How lower income individuals can receive valuable tax benefits by using CRA's new free SimpleFile program

The Canada Revenue Agency has invited more than 1.5 million lower- or fixed-income Canadians with simple tax situations to use the SimpleFile pilot program.
Practice

Is it easier for the IRS to collect Canadian tax debt?

Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA
Profession

Sunday News Roundup 24.08.18: Audit watchdog raises the bar, duelling tax tales, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Practice

Crossing the border, part three: Individual retirement plan tax issues for Canadian and American expatriates

In the final part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at tax situations in which U.S. residents with IRA and Roth IRA funds relocate to Canada
Practice

Crossing the border, part two: Individual retirement plan tax issues for Canadian and American expatriates

In the second part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at Canadian residents with RRSP and TFSA funds who expatriate to the United States
Practice

Taxpayers Beware: CRA’s new tools for catching tax evasion, avoiding tax debt

As David J Rotfleisch explains, the most recent federal budget included plans to hold tax professionals accountable as well as notices of non-compliance
Practice

Crossing the border, part one: Individual retirement plan tax issues for Canadian and American expatriates

In the first part of a three-part series on cross-border tax issues, Professor George Gonzalez presents an overview of individual employee retirement plans in Canada and the United States
Practice

Active Asset Management v. The King Case Study

Lorne Saltman of Gardiner Roberts LLP on a recent Tax Court dispute as to whether declared dividends and promissory notes constituted a transfer of property