Profession

Business

Unpaid taxes by oil and gas companies remains a concern for rural municipalities

In recent years, the issue of oil and gas companies owing money to Alberta municipalities has become a significant concern, with millions in unpaid taxes
Thought Leaders

Canadian federal budget 2024: Does it deliver on ‘generational fairness’ promise for Gen Z and Millennials?

Whether the federal budget will millennials and Gen Z through tax initiatives, says Gustavson accounting professor Douglas A. Stuart, is subject to speculation
Practice

As Big Four foreign firms punished for exam cheating, PwC Canada fines put into perspective

The Public Company Accounting Oversight Board hit KPMG Netherlands with a record US$25-million civil civil penalty for widespread improper answer sharing
Thought Leaders

An economist explains: Textbook economics is badly flawed when it comes to climate change

Double standards abound on the carbon tax, says MacEwan University economics professor Junaid B. Jahangir, despite the support (and limits) of textbook economics
Thought Leaders

Stock markets signal a growing gap between Canadian and American clean tech firms

Canadian taxpayer-supported clean tech startups may move south of the border due to regulatory risk and political uncertainty despite substantial tax benefits
Profession

Sunday News Roundup 24.04.07 Bare trusts, KPMG decision, PCAOB-PKF, and more Canadian accounting news

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

Fossil fuel subsidies cost Canadians a lot more money than the carbon tax

Subsidies cost Canadian taxpayers roughly $214 per taxpayer every year — and unlike the federal carbon tax, Canadians don’t get a rebate on this tax
Profession

Two of the Big Four accounting firms failed their audit inspections in 2023 — but we don’t know who

The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed
Profession

Sunday News Roundup 24.03.31 Bare trusts laid bare and more Canadian accounting news

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

Airbnb sale subject to GST/HST

Amit Ummat and Alisha Butani of Ummat Tax Law provide an overview of the Tax Court of Canada’s ruling in 1351231 Ontario Inc v. The King, 2024 TCC 37
Thought Leaders

PwC Australia ethics breach: Differences in Canadian and Australian CPA regulation

Though similiar, there are important differences between Australian and Canadian professional rules of conduct explains accounting professor George Gonzalez
Practice

CPA Ontario fines Deloitte Canada partners over backdating of audit working papers

Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements
Thought Leaders

Ethnic diversity is still a serious issue at the top level in accounting firms

Research suggests women and minorities are under-represented at senior positions in Canadian accounting firms despite measures to improve diversity
Partner Posts

Driving growth and client success: The power of client advisory services in accounting

Client Advisory Services represent a paradigm shift in public accounting, explains Karen Chalmers of interVal, which automates the discovery process using AI
Practice

How international athletes are taxed in Canada: Toronto Maple Leafs' captain John Tavares embroiled in tax litigation with CRA

Tavares is a high-profile opportunity for the CRA to test the limits to the structuring of athlete salaries explains Canadian accountant and tax lawyer David J Rotfleisch
Thought Leaders

Taxes aren’t just about money — they shape how we think about each other

Research shows taxpayers perceive paying income tax, but not regressive sales taxes, as contributing as a citizen for the purpose of the common good
Practice

Case Commentary: Cassidy v Canada — using extraordinary circumstances, CRA's delays, inability to pay, or financial hardship

Why the Federal Court, in Cassidy v Canada, ruled that a CRA officer's decision was unreasonable, and the taxpayer received relief over unpaid taxes
Practice

What to do when the CRA refuses taxpayer relief

Tax accountant and lawyer David J Rotfleisch explains how a corporate director won relief from the CRA over payroll remittance in Maverick v HMK, 2023
Profession

Sunday News Roundup 24.03.03 Mulroney legacy, PwC sole source, RPA rising, and more Canadian accounting news

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

PCAOB finds fault with half of Ernst and Young Canada audits inspected

US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships
Profession

Sunday News Roundup 24.02.25: Manning Elliott, Aphria ruling, sustainability standards and more Canadian accounting news

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

CPA Canada reduces operating budget with staff cuts due to accounting profession standoff

National organization has run two deficits in the past five years, says changes needed to ensure long-term success in challenging operating environment
Profession

Sunday News Roundup 24.02.18: Fairfax’s financials, new trust rules and more Canadian accounting news

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

The General Anti-Avoidance Rule may be expanding: What you need to know

Aron Grusko and Nick Noonan of Fillmore Riley LLP say recent legislative changes and Supreme Court decisions reflect an increasingly expansive view of GAAR
Practice

Case Commentary: Csak v The King 2024 TCC – transfers of property while owing taxes to the CRA

David J Rotfleisch explains why the Tax Court of Canada found the Canada Revenue Agency's 1988 and 1989 reassessments statue-barred