Practice
Practice
Part II: Deloitte Cyprus exposed – Global accounting giant accused of faking papers to hide $10B for Russian oligarch
The Deloitte-Abramovich files describe conduct no Canadian accounting firm would touch, writes Canadian tax lawyer and accountant David J. Rotfleisch
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Practice
Calgary foundation’s $3.5M loan to director's company provided 'undue benefit': CRA
CRA non-compliance included failure to meet annual quotas for amount spent on charitable activities or donations, and providing undue benefit to director
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Practice
Deloitte Cyprus exposed – Global accounting giant accused of faking papers to hide $10B for Russian oligarch
In the first of two articles, Canadian tax lawyer and accountant David J. Rotfleisch examines the schemes exposed by forensic analysis in accounting terms
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Practice
Opinion: Donating to a registered charity is not wrongdoing
Canadian tax lawyer and accountant David J Rotfleisch on what a recent article by the IJF about the Asper Foundation gets wrong about Canadian charity law
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Practice
Ontario accountants lead national coalition calling for tax reform
Chartered Professional Accountants of Ontario joins five national, provincial organizations representing over 700,000 businesses, professionals across Canada
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Practice
CRA is now auditing two years at once. Smaller practices should pay attention
The Canada Revenue Agency is organizing its audit work around patterns across years, writes Syed Saif Ali. The bottom line for practitioners is not alarm
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Practice
British Columbia's PST on accounting services is paused, not repealed
Koby Smutylo of Smutylo Law+ presents five tips for BC accounting, bookkeeping firms to manage the temporary tax regulation on professional services
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Partner Posts
Intuit Intelligence now available in Canada: what's new in Intuit Accountant Suite for accounting firms
Cross-client portfolio insights, Firm Playbooks and Unified Inbox give Canadian accounting firms a way to deliver advisory work across their whole client base
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Practice
Accounting firm RSM Canada LLP censured by Canadian audit watchdog for backdating signoffs
CPAB settlement agreement details six-year history of RSM auditors violating auditing and quality control standards related to sign-offs on audit workpapers
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Practice
When a client asks a CPA to "confirm source of funds": Define what the letter actually does
A CPA's signature can turn a narrow records review into a much broader assertion in the eyes of a bank, lawyer, regulator, or immigration decision-maker
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Practice
Canadian audit watchdog issues audit inspection reports for Grant Thornton branded accounting firms
The Canadian Public Accountability Board released audit inspection reports for Doane Grant Thornton, Grant Thornton U.S., and Raymond Chabot Grant Thornton
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Thought Leaders
Canadian accountants need an AI evidence ledger before automation scales
The point is not paperwork for its own sake, writes Dr. Gleb Tsipursky. AI evidence ledgers answer questions accounting firms otherwise discover too late
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Practice
Selling the family business to the kids: the tax rules now require the parent to leave
The statute conditions for intergenerational business transfers are strict, writes Koby Smutylo. Here are six things to settle before the tax memo is right
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Thought Leaders
Canadian accountants need authority budgets for AI digital employees
Accounting firms now need to decide how much authority software should receive before a human must approve what happens next, writes Dr. Gleb Tsipursky
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Partner Posts
The rise of AI in investment accounting: A new standard in productivity and compliance
The real advantage of AI in investment accounting, says Brian McGlynn, lies in the deployment of solutions engineered around securities portfolio workflows
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Practice
Selling a business to an employee ownership trust: the tax memo can be right and the deal can still fail
The $10-million capital gains exemption is permanent. Your client's control over the company it applies to ends the afternoon he signs, explains Koby Smutylo
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Practice
The salary-dividend decision after the small business rate cut
In part two of his two-part series, Bashar Qawas of Better Books Canada delves deeper into the unevenness of small business rate cuts in Ontario and Quebec
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Practice
Philanthropists critical of Nakba exhibit donated $4.8M to groups later sanctioned
Canada Revenue Agency has revoked tax status of many Canadian charitable organizations academic asserts are “largely just conduits” for overseas funding
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Practice
The small business rate cut that partly reverses in January
In part one of a two-part series, Bashar Qawas of Better Books Canada explains the timing mismatch in cuts to the small business corporate income tax rate
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Partner Posts
AI Digital Employees in Accounting: The next stage of automation
Future accounting teams could include local accountants, offshore accounting professionals, automation and AI Digital Employees, explains Ryan Morris.
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Practice
Federal Court sets strict Mutual Agreement Procedure (MAP) deadline in reassessment deals with Canada Revenue Agency
The FC Robinson MAP deadline ruling has implications for cross-border taxpayers, owner-managers, corporate groups, and accountants, says David J Rotfleisch
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Thought Leaders
When an immigrant entrepreneur's business plan, net worth and source of funds have to tell one financial story
For internationally connected entrepreneurs, the central question is not, ‘How do we make this immigration file stronger?,’ writes Usman Khalil, RCIC, CPA
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Thought Leaders
As accountants, we tested our own pitch for advisory services. The data says clients need controllership first
For a large share of Canadian small and mid-sized businesses, the work that would help most is controllership, writes Eric Saumure, CPA, CA, of Zenbooks
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Profession
Deloitte used AI in $1.6M government report, but watchdog CPA NL says it can’t investigate
Chartered Professional Accountants of Newfoundland and Labrador cannot investigate Deloitte Inc., the legal entity that produced flawed AI consulting report
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Practice
ExxonMobil Canada Resources Company v. the King, case study
Lorne Saltman of Gardiner Roberts LLP explains why the Tax Court rejected the CRA’s position that a $36-million pipeline feasability study was not deductible
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