Practice

Practice

When will the Tax Court of Canada resume in-person sittings?

Some notable decisions recently announced from videoconference hearings
Practice

Tax Clearance Certificates: Canadian Tax Lawyer Guidance

Tax clearance certificates can be beneficial but may also trigger scrutiny from the Canada Revenue Agency. Canadian tax lawyer and accountant David J Rotfleisch explains
Practice

Voluntary Disclosure Applications: Canadian Tax Lawyer's Guide

Canadian tax lawyer and accountant David Rotfleisch looks at a recent Federal Court ruling on voluntary disclosure (4053893 Canada Inc.)
Practice

The general anti-avoidance rule and family surplus strips

Allan Lanthier on why the Deans Knight court decision should cause HNW individuals to pause before engaging in aggressive surplus stripping through intergenerational wealth transfers
Practice

Tax Court won't uphold gross-negligence penalties: Taxpayer not aware of accountant errors

Canadian tax lawyer and accountant David Rotfleisch explains the case of Frank-Fort Construction in the Tax Court of Canada
Partner Posts

Three ways to grow and perfect your accounting practice

From streamlining the client onboarding process to developing a niche practice, there will be many ways to serve your accounting clients more efficiently as Canada moves to a post-pandemic economy
Practice

Alberta Court rejects CRA's duty of care to taxpayers

David Rotfleisch explains the Signal Hill Manufacturing case and duty of care
Thought Leaders

Tax relief for family business transfers: A legislative fiasco – Part II

In part two of a two-part series, Allan Lanthier outlines the strategy for legislative repeal and predicts what lies ahead for Bill C-208
Thought Leaders

Tax relief for family business transfers: A legislative fiasco – Part I

Bill C-208 has handed tax avoiders a new surplus stripping scheme on a silver platter explains tax expert Allan Lanthier in a two-part series
Practice

New opportunities for intergenerational transfers of businesses after enactment of Canada’s Bill C-208

Any transfer of a family business must be structured correctly to avoid re-assessment by the CRA, says Canadian tax lawyer and accountant David Rotfleisch
Thought Leaders

Our response to the CRA's position on creditor-proofing reorganizations – part 1

Doug S. Ewens and Kenneth Keung of Moodys Tax Law LLP in a three-part series on creditor-proofing reorganizations
Practice

Budget 2021 – Tax enforcement, audits, and oral interviews

If proposed legislative amendments receive Royal Assent, the Canada Revenue Agency will have the power to compel oral interviews
Practice

2021 updates for T1134: A Canadian tax lawyer's perspective

The T1134 has been updated to reflect legislation changes that allow the CRA to collect additional information and provide some reporting relief
Practice

Entrepreneurship report points to business opportunities for Canadian accountants

Nearly two million Canadians launched a business in the last 12 months
Partner Posts

How cloud-based software — and a human connection — can attract new SMB clients

Prospective new clients require your financial expertise, but they also need your understanding, explains Faye Pang, Canada Country Manager at Xero
Practice

Preparing for the new quality management standards: CSQM 1 system evaluation and monitoring

Part four of a four-part series from Kirsten S. Albo of ASK KSA Consulting Inc.
Practice

Preparing for the new quality management standards: CSQM 1 risk responses

In part three of a four-part series, Kirsten S. Albo of ASK KSA Consulting Inc. explores the design and implementation of risk responses
Partner Posts

4 ways Canadian accountants can grow their business and scale their impact

Technology will continue to be a key driver of growth for practitioners and their clients, says Graham Sharples of Intuit QuickBooks Canada
Practice

Preparing for the new quality management standards: CSQM 1 quality objectives and quality risks

In part two of a four-part series, Kirsten S. Albo of ASK KSA Consulting looks at CSQM 1 and its quality management process for all firms, regardless of size
Practice

Preparing for the new quality management standards: An overview for Canadian practitioners

Kirsten S. Albo of ASK KSA Consulting Inc. kicks off a four-part series on CSQM 1
Practice

Dealing with Canada – Challenges and opportunities for global wealth and tax planners

Rahul Sharma and Jennifer A. N. Corak of Miller Thomson LLP present three common scenarios of non-Canadian or foreign trusts where Canada's Income Tax Act rules intersect with the international wealth planning of taxpayers
Practice

Maple Leafs GM vs CRA tax court ruling

Just in time for the playoffs, Dave Nonis scores a win in the Tax Court of Canada, six years after his dismissal as General Manager of the Toronto Maple Leafs
Practice

Post-Mortem Planning For Private Companies — Reconsidering Options For Triggering Capital Gains — Part II

Tax Planning For The Non-Specialist Advisor: In part two of a two-part series, Michael Goldberg looks at an alternative post-mortem PC Liquidation strategy he calls Spousal Rollover Liquidation Planning
Partner Posts

How accountants are ushering Canada’s SMBs onto the path to recovery

Three ways to get your clients on the road to Canada’s post-pandemic rebound
Profession

Canadian tax professionals: A Canadian tax lawyer's guide

Canadian tax lawyer and accountant David J Rotfleisch breaks down the classifications and the kind of work done by Canadian tax professionals