Practice
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Profiles
Alberta: Yellowhead riding’s Conservative candidate speaks about diverse needs of massive riding
William Stevenson is a chartered professional accountant who served as a financial agent for multiple MPs; he wants to work on tax reform and the CRA
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Case Commentary: Yadgar v. The King — When trusting your accountant 100% is not an acceptable defence in the Tax Court Of Canada
Canadian tax lawyer and accountant David J Rotfleisch explains how an immigrant success story went wrong in the Tax Court of Canada and the court of appeal
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
What can we expect for U.S. estate tax under a second Trump administration?
Margaret O'Sullivan of O'Sullivan Estate Lawyers ponders possible scenarios in anticipation of the sunset provision this year of the Tax Cuts and Jobs Act
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
In detailed report, PCAOB finds deficiencies in half of KPMG Canada audits inspected
The Public Company Accounting Oversight Board found deficiencies in five out of 10 KPMG Canada audits it inspected in 2023 as well as issues of independence
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Case Commentary: How the CRA abused the voluntary disclosure process for this Canadian taxpayer
The Canada Revenue Agency proposed to reassess the Milgram Foundation after accepting its voluntary disclosure application thus prompting a judicial review
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
When can Canadian taxpayers apply to reopen a trial at the FCA from the Tax Court?
As Canadian accountant and tax lawyer David J Rotflesich explains, reopening a court case depends upon the introduction of fresh evidence and error of law
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
How to dispute your tax assessment under Toronto's 2024 Vacant Home Tax
A hundred thousand tax assessments were reversed in 2023, but the City of Toronto has taken concrete steps to revamp the VHT regime for the 2024 tax year
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Tax changes a worry for retiring farmers
Farming advocates continue to oppose tax changes that would affect profits from the intergenerational sale of agricultural land despite mitigating measures
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Six strategies to minimize probate fees in your estate plan
These succession planning strategies can be cost-effective and save large amounts of tax that would otherwise be payable upon admitting the will to probate
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
PCAOB finds deficiencies two of three BDO Canada audits, including one non-principal engagement
The US audit watchdog inspection report details audits with unsupported opinions by BDO Canada and firm-identified instances of independence non-compliance
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
Public accounting regulator expands oversight powers
Bradley E. Berg and Sahil Kesar of Blakes review the first amendments to the regulatory rules of the Canadian Public Accountability Board in almost 20 years
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Taxpayer's failure to review tax return contributed to negligence, Tax Court Of Canada finds
The CRA can reassess a taxpayer beyond the normal reassessment period if tax return misrepresentations are due to carelessness, neglect or willful default
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Case Commentary: Watts v the King, 2024 TCC 100 — Enhanced costs of litigation
A recent Tax Court of Canada judgment shows why litigants should be aware of all potential court costs asserts tax lawyer and accountant David J Rotfleisch
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
MNP LLP closes year strong with major acquisition of 21 BDO Canada accounting firms
Homegrown national accounting firm MNP expands its presence in four provinces as a continuation of its ‘national in scope, local in focus’ growth strategy
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Partner Posts
2025: The year AI becomes the accountant’s ultimate partner
2025 promises to be pivotal for accounting, says Ben Richmond of Xero, a moment when AI and mobile technology converge to redefine how accountants work
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Court allows Canada-US tax treaty credit against investment tax
Allan Lanthier examines the recent Bruyea decision of the US Court of Federal Claims, which allowed a tax treaty credit against US tax on investment income
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
What are a taxpayer's rights during an access to information and privacy (ATIP) request for their own tax records?
Canadian tax lawyer and accountant David J Rotflesich looks at case law involving requests to the Canada Revenue Agency for disclosure of relevant records
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Loupy's: Deemed self-assessment after GST/HST number cancellation
When a taxpayer ceases to be a GST/HST registrant, they can face a significant tax liability, as in the case of Loupy’s Restaurant before the Tax Court of Canada
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
CPAB censures Davidson & Company LLP for ‘numerous’ violations of independence rules
Vancouver-based accounting firm censured by Canadian Public Accountability Board based on information disclosed during inspection by US audit watchdog
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Case Commentary: Onex Corporation v. Canada, 2024 FC
Section 1247, subsections 220(2.1) and 220(3), of the Income Tax Act can grant relief from tax reassessment and filing requirements, says David J Rotfleisch
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Business
Thunder Bay: Doane Grant Thornton helps business leaders make a vibrant community
Doane Grant Thornton, which recently rebranded, held a Vibrant Communities civic improvement event at Fort William Historical Park for Thunder Bay business
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
How to use "well accepted accounting principles" to your advantage to calculate business or property income for a taxation year
Canadian accountant and tax lawyer David J Rotfleisch explains how accounting standards like GAAP and IFRS pertain to business and personal income taxation
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Practice
Case Commentary: Glencore v. Canada — How are commitment and break fees in M&A transactions taxed? Windfall or business income?
When the Supreme Court of Canada denied Glencore’s leave to appeal, it ended a 30-year tax dispute, and characterized complex M&A fees as business income
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Thought Leaders
The Big Four accounting firms often consult for the same clients they audit. Should that be allowed?
Accounting research shows that the Big Four, when engaged as compensation consultants, appear to uphold more rigorous standards than smaller counterparts
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Partner Posts
Report: Canadian small business owners’ financial literacy skills come up short
David Emmerman of Xero explains how Canadian accountants and bookkeepers can empower small business owners with the financial resources they need
- COMMENTS 13
- LIKES 149
- VIEWS 160