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Canadian Public Accountability Board eases enforcement action against Smythe LLP

Vancouver-based accounting firm Smythe LLP still prohibited from accepting new high-risk reporting issuer audit clients, says Canadian audit watchdog CPAB

Losses, expenses arising from transactions that are not 'sufficiently commercial' may be ineligible to reduce

Canadian tax lawyer and accountant David J Rotfleisch explains why the Tax Court dismissed the FX trade case of a successful businessman in Chad v The King

Case Analysis: Why a business must demonstrate actual business activities before applying for business tax deductions

David J Rotfleisch examines the case of a chartered professional accountant who claimed business expenses for a company he cofounded in Prince Edward Island

How the CRA uses 'nudge letters' with online sellers to increase uptake of Canada's VDP

Canada Revenue Agency uses nudge letters to prompt taxpayers to review their tax affairs, ensure compliance, and access the Voluntary Disclosures Program

Councillors want information on disturbing rise in St. Catharines homeowners unable to pay soaring tax bills

Revelations of rising numbers of property owners in St. Catharines unable to pay their property tax bills have prompted one city councillor to take action

Canadian Public Accountability Board eases enforcement action against Smythe LLP

Vancouver-based accounting firm Smythe LLP still prohibited from accepting new high-risk reporting issuer audit clients, says Canadian audit watchdog CPAB

Losses, expenses arising from transactions that are not 'sufficiently commercial' may be ineligible to reduce

Canadian tax lawyer and accountant David J Rotfleisch explains why the Tax Court dismissed the FX trade case of a successful businessman in Chad v The King

Case Analysis: Why a business must demonstrate actual business activities before applying for business tax deductions

David J Rotfleisch examines the case of a chartered professional accountant who claimed business expenses for a company he cofounded in Prince Edward Island

How the CRA uses 'nudge letters' with online sellers to increase uptake of Canada's VDP

Canada Revenue Agency uses nudge letters to prompt taxpayers to review their tax affairs, ensure compliance, and access the Voluntary Disclosures Program

Councillors want information on disturbing rise in St. Catharines homeowners unable to pay soaring tax bills

Revelations of rising numbers of property owners in St. Catharines unable to pay their property tax bills have prompted one city councillor to take action

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Statements

Taxation

Allan Lanthier

Oh, what a tangled web: The taxation of foreign affiliates

Public Sector Advisory

Bailey Church

Optimizing Canada's balance sheet: The untapped value of natural assets

Practice

Ben Richmond

Five years post-Covid: Reflecting on accounting’s 'new normal'

Technology

Brian McGlynn

How accountants can navigate tax implications for wealthy Canadian investors in a shifting political landscape

Tax Law

David J. Rotfleisch

Losses, expenses arising from transactions that are not 'sufficiently commercial' may be ineligible to reduce

Students

Gevorg Grigoryan

Seven multiple-choice question study tips I wish someone told me before the CPA PEP Core 2 accounting exam

Financial Reporting

Philip Maguire

Why accountants should spend less time on the numbers and more time explaining the results 

Taxation

Raffaella Garofalo

New guidance from the CRA: Transactions subject to the GAAR

Accounting News

Profession

Sunday News Roundup 25.05.25: CPA Ontario dues, CPAs on AI in HBR online, and more Canadian accounting news
Our weekly Canadian accounting news roundup includes social media commentary on CPA Ontario dues, an HBR article on AI board use authored by CPAs, and more
Business

Alberta: Jasper's chamber of commerce critical of municipal budget
Businesses in Jasper say they’re paying for the 2024 wildfires caused by climate change, but the province has kicked in $2.5M for lost property tax revenue
Profession

Canadian Public Accountability Board eases enforcement action against PKF Antares
Alberta accounting firm allowed to accept new medium-risk reporting issuer audit clients, but some restrictions remain, says Canadian audit watchdog CPAB
Practice

Tax Court Of Canada is not ‘slap-dash,' nor tolerates sloppy examination for discovery
David J Rotfleisch explains why the Tax Court of Canada, in Whistler Blackcomb Holdings Inc. v The King, 2025, dismissed the CRA's motion for a new nominee
Profession

US audit watchdog finds multiple deficiencies in Vancouver accounting firm Smythe LLP audits
The US Public Company Accounting Oversight Board determined Smythe LLP had a 100 per cent deficiency rate in three 2023 audits the PCAOB inspected in 2024
Municipal

New Brunswick: New municipal fiscal framework announced by N.B. government
Expanded funding from the province is welcome news to New Brunswick municipalities, but a property assessment freeze has withered its delivery

Trump, tariffs and Canadian tax strategies: There must be 50 ways to leave your country

Allan Lanthier explains how some Canadian corporations have redomiciled to the United States and why there may be more to come unless changes are made





CPAs in 2025: Frustrated, overworked, and underappreciated

From uncertainty to compliance to staffing, Chartered Professional Accountants say their stress is not offset by client appreciation, reports Dean Blachford

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