Practice

Practice

Bank Of Nova Scotia v The King: How a procedural rule on loss carrybacks triggered $7.9M in interest arrears on tax not owing

It’s a matter of interest as to why Scotiabank is appealing to the Supreme Court of Canada after losing Canada Revenue Agency decisions in the lower courts
Practice

How CRA conducts net worth audits and enforces gross negligence penalties against Canadian taxpayers

David J Rotfleisch dissects the case of a certified management accountant and former employee of the CRA in Mann v The King and lessons from similar cases
Profession

Sunday News Roundup 25.08.03: Williams shown the door at PCAOB, Lambos in the tax lane, and more Canadian accounting news

Our weekly Canadian accounting news roundup includes Trump and the US audit watchdog, are accountants ready (or not) for AI, accounting dealbook, and more
Profession

Upcoming pilot program opens accounting opportunities for Squamish, Tsleil-Waututh and Musqueam Nations

Chartered Professional Accountants of British Columbia is helping boost accounting job opportunities for Indigenous communities with a new outreach program
Profession

CRA launches new process for Canadian taxpayers to authorize their tax representatives

Tax representatives can now be given instant access by individuals to their CRA online accounts due to a new process launched by the Canada Revenue Agency
Profession

Canadian Public Accountability Board censures Mississauga accounting firm Clearhouse LLP

Clearhouse prohibited from accepting new high and moderate risk reporting issuers including those resulting from IPOs, reverse takeovers, other transactions
Profession

CPA Ontario provides recommendations in 2025 quality management report for accounting firms

Of the 12 firms subject to Enhanced Quality Management Review (EQMR), two were found to have significant reportable deficiencies requiring remedial action
Profession

When accounting rules change at the (provincial) border

Ontario’s CSRS 4200 framework should be adopted nationally to provide for provincial labour mobility among accountants says James Green of RPA Canada
Profession

US audit watchdog sanctions Canadian accounting firm Raymond Chabot Grant Thornton LLP

PCAOB reminds registered public accounting firms they must file Form 3, Special Report, no later than 30 days after the occurrence of the reportable event
Practice

Can CRA require a taxpayer to prepare net worth audit schedules under the new section 231.1?

While the Canada Revenue Agency’s authority under section 231.1(1)(d) is broad, it is not unlimited, explains tax lawyer and accountant David J Rotfleisch
Practice

A guide to the Canadian tax treatment of domestic, foreign retirement compensation arrangements for high-income earners

Canadian tax lawyer and accountant David J Rotfleisch deconstructs lessons from the recent Tax Court Martin v The King decision involving the CRA and RCAs
Thought Leaders

Why Elon Musk’s US$34 billion loss wasn’t really that — and what it tells us about the philanthropy of the ultra-wealthy

One of the most strategically valuable (yet less publicly discussed) motivations of philanthropy is tax management, particularly the donation of shares