Canada's independent news source for the accounting profession
Subscribe

Tax evasion, tax compliance, and actual tax collection compared: Italy is worse, while Canada is improving

Italy relies on broad tax amnesty schemes to recover lost revenue; the Canada Revenue Agency prefers the structured, ongoing voluntary disclosure program

What are the ethical issues that accountants should be aware of when using artificial intelligence?

When it comes to GAI, accountants can add the most value through their unique skills, such as model performance and reconciliation, explains Philip Maguire

The same but different — The types of dividends and their impact on taxes

Misclassifying the kind of dividend you declare can quickly land you in hot water with the CRA, explain Alex Shchukin and Mariem Naem of Devry Smith Frank LLP

Tax evasion, tax compliance, and actual tax collection compared: Italy is worse, while Canada is improving

Italy relies on broad tax amnesty schemes to recover lost revenue; the Canada Revenue Agency prefers the structured, ongoing voluntary disclosure program

What are the ethical issues that accountants should be aware of when using artificial intelligence?

When it comes to GAI, accountants can add the most value through their unique skills, such as model performance and reconciliation, explains Philip Maguire

The same but different — The types of dividends and their impact on taxes

Misclassifying the kind of dividend you declare can quickly land you in hot water with the CRA, explain Alex Shchukin and Mariem Naem of Devry Smith Frank LLP

SEE MORE

Statements

Taxation

Alex Shchukin and Mariem Naem

The same but different — The types of dividends and their impact on taxes

Audit

Ala Mokhtar

Rudeness is hurting auditors’ ability to protect the public — here’s how

Taxation

Amit Ummat

Can interest on U.S. tax arrears be deducted in Canada? Insights from Bank of Montreal v. the King

Taxation

Cameron Funnell and Richard Baker

British Columbia Court Of Appeal upholds additional transfer tax assessment in foreign entity trust case

Tax Law

David J. Rotfleisch

Tax evasion, tax compliance, and actual tax collection compared: Italy is worse, while Canada is improving

Taxation

John Bassindale and Daniel Zhang

Recent Tax Court cases on ISC business expenses

Accounting News

Practice

Concerns about overseas work cited as status revoked for two religious charities
According to the Canada Revenue Agency, the tax status of the two charities was revoked due to practices in Israel and the Democratic Republic of the Congo
Practice

Poor record-keeping sinks two Canadian charities
Evangelical World Outreach of Canada of Winnipeg and Mazel Charity Fund of North York both lost their charitable status despite 2020 CRA compliance letters
Profession

Change of leadership at audit watchdog CPAB at critical time for audit, accounting regulation
Former Ontario Securities Commission regulatory executive Sonny Randhawa, CPA, CA to replace Carol Paradine at helm of Canadian Public Accountability Board
Profession

Canadian Public Accountability Board extends enforcement action against Manning Elliott LLP
British Columbia based accounting firm will still be prohibited from accept new high-risk reporting issuer audit clients, says Canadian audit watchdog CPAB
Profession

BC accounting firm DMCL fined for AML/ATF non-compliance by FINTRAC
Canada's financial intelligence unit, the Financial Transactions and Reports Analysis Centre, levied the fine against Dale Matheson Carr Hilton LaBonte LLP

AI won’t replace accountants — it’ll make them indispensable

Accounting firms that modernize their tech stacks, invest in Canadian-compliant AI platforms, and focus on high-impact client service, will lead the future



Confidence is the new currency in the AI economy

The growing partnership between accountants and AI not only transforms accounting but strengthens SMB leadership confidence says Ciarán Quilty of Intuit



2025 CPA Ontario Black Friday Sale