Profession

Business

New provincial committee to review government spending in every department, premier says

Critics say Premier Smith, whose popularity has plunged, is looking for ways to deliver on a signature campaign promise that was broken in the last budget
Practice

Is it easier for the IRS to collect Canadian tax debt?

Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA
Profession

Sunday News Roundup 24.08.18: Audit watchdog raises the bar, duelling tax tales, and more Canadian accounting news

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

Report shows Alberta tax revenue from renewables up 92 per cent

Alberta's moratorium on wind and solar projects has chilled renewables despite the benefits of tax revenue, job creation and cheap energy to taxpayers
Business

Officials to Queen's Park: Fee freeze to aid home building hurts local taxpayers

Conservation authorities in London, Ontario want the Doug Ford government to reverse its province-wide freeze on fees that benefit home-building developers
Practice

Crossing the border, part three: Individual retirement plan tax issues for Canadian and American expatriates

In the final part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at tax situations in which U.S. residents with IRA and Roth IRA funds relocate to Canada
Practice

Crossing the border, part two: Individual retirement plan tax issues for Canadian and American expatriates

In the second part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at Canadian residents with RRSP and TFSA funds who expatriate to the United States
Practice

Taxpayers Beware: CRA’s new tools for catching tax evasion, avoiding tax debt

As David J Rotfleisch explains, the most recent federal budget included plans to hold tax professionals accountable as well as notices of non-compliance
Practice

Crossing the border, part one: Individual retirement plan tax issues for Canadian and American expatriates

In the first part of a three-part series on cross-border tax issues, Professor George Gonzalez presents an overview of individual employee retirement plans in Canada and the United States
Practice

Active Asset Management v. The King Case Study

Lorne Saltman of Gardiner Roberts LLP on a recent Tax Court dispute as to whether declared dividends and promissory notes constituted a transfer of property
Profession

Sunday News Roundup 24.07.28: Glacier Media melts CPABC regulation reputation and more Canadian accounting news

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

Two more accounting firms censured by Canadian audit watchdog thus far in 2024

Canadian Public Accountability Board prohibits Kingston Ross Pasnak and Macias Gini & O’Connell from accepting new medium and high-risk reporting issuers
Business

Municipalities not happy about Alberta changes to unpaid oil and gas property taxes

Residential property taxes may increase due to backtracking by the Alberta government over unpaid municipal taxes owed by oil and gas industry producers
Partner Posts

Why our accounting firms teamed up with ADP Canada for payroll solutions

Canadian accountants Kevin Bryden and Rupesh Kapadia explain in their own words why, as principals of their own accounting firms, they partner with ADP
Profession

Sunday News Roundup 24.07.21: Biden drops out, how accountants vote, and more Canadian accounting news

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

Guide to Canadian tax rules on benefits arising from use of corporate assets (e.g., money, trips, boats, cars, space trips, etc.

What happens when business owners dip into their corporation's pockets to pay for personal expenses? Potentially dire consequences, says David J Rotfleisch
Business

Feds push carbon capture projects forward with public money

Critics say taxpayers will pay the full cost of a dubious Strathcona Resources carbon capture and sequestration project funded by the Canada Growth Fund
Profession

US audit watchdog releases audit inspection reports for national accounting firms Deloitte Canada, MNP LLP

Is audit quality on the upswing in Canada? The US Public Company Accounting Oversight Board finds little fault in newly released Canadian audit inspections
Practice

What does Tax Court decide? What does Federal Court decide? Supreme Court clarifies jurisdictions

Through its decisions on Dow Chemical and Iris Technologies, the Supreme Court of Canada has clarified tax appeal jurisdictions, explains David J Rotfleisch
Partner Posts

Combating the shrinking accountant talent pool

Three ways accountants and bookkeeping professionals can usher in the next generation of accounting talent to help curb the ongoing crisis in hiring staff
Thought Leaders

Churches don’t pay taxes. Should they?

Many Canadians don’t realize that religious properties are tax exempt, however, this privilege is increasingly being debated as organized religion recedes
Thought Leaders

The ‘tax-free trap’: How a simple phrase skews Canadians’ savings choices

Canadian taxpayers may be sacrificing long-term savings for short-term investments due to heuristic language that simplifies complex decisions
Practice

When can discovery answers of a deceased Canadian be used under subsections 100(6)-(7) of the Tax Court Of Canada rules?

Canadian accountant and tax lawyer David J Rotfleisch on a Tax Court decision involving the testimony of a taxpayer who died soon after discovery
Business

Caledon Mayor Annette Groves ignores residents, forces approval of 35,000 new homes

Caledon council voted in favour of rezoning agricultural land over the objections of taxpayers concerned about property tax increases and the Greenbelt
Business

Approval of 35k homes Tuesday will threaten Greenbelt, trigger devastating tax hike for Caledon residents

Caledon taxpayers want to know how they will be protected from the municipal property tax hikes that may be needed to pay for infrastructure costs