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

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

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

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

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

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

Accounting News

Thought Leaders

Remember who the tax system is for

Francois Boileau, Canada’s taxpayers ombudsperson, responds to the article, The forgotten project of tax reform, by François Brouard and Bertrand Lemieux
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
Business

Ford and Smith divided over Trump response at premiers’ summit

An electricity export tax is a the centre of a disagreement between premiers Doug Ford and Danielle Smith as to how best to respond to Trump tariff threats
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

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
Profession

CPA Canada accused of sending inaccurate member fee information to Ontario accountants

Chartered Professional Accountants of Ontario says assertions made by national Chartered Professional Accountants of Canada in a LinkedIn message are false

Case Analysis: Why a business must demonstrate actual business activities before applying for business tax deductions

David J Rotfleisch examines the case of a chartered professional accountant who claimed business expenses for a company he cofounded in Prince Edward Island



How the CRA uses 'nudge letters' with online sellers to increase uptake of Canada's VDP

Canada Revenue Agency uses nudge letters to prompt taxpayers to review their tax affairs, ensure compliance, and access the Voluntary Disclosures Program