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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

Canadians are being given muddied information about the carbon tax; the facts are crystal clear — it saves money for most

Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy

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

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

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

Canadians are being given muddied information about the carbon tax; the facts are crystal clear — it saves money for most

Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy

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

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

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Statements

Practice

Ben Richmond

Accounting has changed: Why tech-first CPAs will succeed

Economics

Blayne Haggart

Only the United States benefits from renegotiating the Canada-U.S.-Mexico trade deal

Tax Law

David J. Rotfleisch

Case Commentary: Glencore v. Canada – How are commitment and break fees in M&A transactions taxed? Windfall or business income?

Economics

Douglas A. Stuart

Cineplex’s $38.9 million fine is a wake-up call about corporate sustainability practices

Regulation

George Gonzalez

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

Students

Gevorg Grigoryan

Breaking down the questions on the September 2024 CPA CFE national accounting exam

RPA

James Green

What's wrong (and right) about professional development for accountants

Taxation

Lori Bokenfohr & Christopher Steeves

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

Tax Law

Molly Luu

Tax practice reminder — there is no accountant-client privilege

Accounting News

Profession

Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
Business

Increased policing costs will impact all municipal budgets
Municipalities seeing shocking increases in Ontario Provincial Police costs and future property tax levies after Ford government’s OPP collective agreement
Business

Carbon rebate 'double-double' helps Gananoque business
Federal Environment Minister Steven Guilbeault was in Gananoque to present a one-time rural top-up Canada Carbon Rebate to the owners of the Pistachio Café
Business

Willow Creek, Alberta: Carbon tax survey raises council’s ire
Alberta municipality Willow Creek responds with claims, complaints, confusion to provincial government survey on negative impacts of the federal carbon tax
Partner Posts

Accountex Canada 2024: A must-attend event for accountants and bookkeepers
One of the world’s largest accounting Expos returns to Toronto for a third year with an expanded program and new features for accountants and bookkeepers
Profession

DMCL continues PCAOB audit inspection results with lower deficiency rates
Public Company Accounting Oversight Board in the United States releases audit inspection results for Vancouver-based Dale Matheson Carr Hilton LaBonte LLP
Profession

Canadian accounting firm Grant Thornton LLP rebrands nationally, shifts business focus
Doane Grant Thornton brand celebrates Canadian roots as national accounting firm shifts from public company audits to assurance, tax and advisory services

The Accountant's Manifesto: Expecting more from Canada's financial system

In today’s fast-paced business world, why is money still moving at a snail’s pace? Every Canadian accountant knows the frustration of delayed transactions



Accountex Canada 2024: A must-attend event for accountants and bookkeepers

One of the world’s largest accounting Expos returns to Toronto for a third year with an expanded program and new features for accountants and bookkeepers



2024 Tax Planning: Opportunities & Strategies with the Tax Immersion Program

CPA Ontario's inaugural Tax Immersion Program equips Chartered Professional Accountants with the skills needed to thrive in the evolving tax landscape