Business

Business

Cities are closer to Canada’s problems than they are to the money

Municipalities increasingly sit on the front lines of housing, climate and social challenges, but funding has lagged behind their growing responsibilities
Business

In Vancouver, a billionaire developer catches a garden tax break

Taxpayers on hook for million dollars due to tax avoidance scheme of reclassifying future development properties as gardens, parks while awaiting market uptick
Business

Canada needs a deeper municipal bond market

Cities own much of Canada’s infrastructure but have limited revenue tools. A stronger municipal bond market could help close the financing gap: Luciano Arvin
Business

Region of Peel rejects Doug Ford’s ‘major financial burden’ on taxpayers to fund his growth

Officials warn building infrastructure needed to support rapid housing growth placing unsustainable pressure on utility ratepayers and property taxpayers
Business

New Brunswick: Province puts pressure on local governments with property tax reforms

New Brunswick’s Liberal government has introduced a new system of municipal property taxation, publishing a public list of appropriate property tax rates
Business

Web Summit: As employers push to adopt AI, many workers push back

A bullish KPMG Canada revealed at Web Summit Vancouver its junior employees must delegate tasks to AI tools, and focus instead on client relationship-building
Thought Leaders

Canada is spending billions to fix the wrong productivity problem

Canadian financial policy has crowded out the risk-taking that drives productivity asserts professor of finance and chartered professional accountant Manbo He
Business

Ontario: Halton Hills calls on province to update municipal funding framework

Property taxation is regressive. Municipalities in Canada are trying to manage 21st-century realities with 19th-century fiscal tools, say local politicians
Business

Alberta: Taxation bump curbs tourism momentum in short-sighted tradeoff, warns industry leader

The province appears to underplay the role a robust tourism economy could play in insulating its accounts from geopolitical vagaries like the price of oil
Business

Alberta farmers lukewarm about federal gas tax suspension

Suspension of the federal fuel excise tax by the now majority government of Mark Carney will pressure on the UCP Smith government in Alberta to follow suit.
Business

Ontario: Province announces lower business tax

The provincial government is proposing to cut Ontario’s small business corporate income tax rate from 3.2 per cent to 2.2 per cent as of July 1 this year
Business

CRA may apply 2025 permanent establishment OECD rules to Canada

Canadian tax lawyer and accountant David J Rotfleisch on remote work, corporate authority to bind, CRA treaty interpretation and interprovincial tax risk
Business

Taxpayers group urges Manitoba to permanently cut gas tax as fuel prices rise

The American-Israeli assault on Iran is causing prices to surge at the pumps. Taxpayer advocacy groups are now calling for gas tax cuts to lower the impact
Business

Mark Carney highlights areas of Australian‑Canadian cooperation as middle powers

Carney’s comments in Canberra about modernizing bilateral tax and investment treaties may indicate tax and business opportunities for Canadian accountants
Business

B.C. budget tax measures lay burden of austerity on the poorest in province

British Columbia's Finance Minister says "this is not an austerity budget." Let's look at the numbers and see for ourselves, say Marc Lee and Andrew Longhurst
Business

Alberta oil and gas companies lobby for tax break

Alberta is reviewing the models it uses to determine the market value of regulated properties that municipalities rely on for their own tax assessments
Business

The world's first carbon border-adjusted tax enters its definitive phase: What it means for Canada

Rambod Behboodi and Owen Clarke of BLG explain why Canadian companies should take immediate steps to establish necessary emissions tracking regimes
Business

Alberta: Data reveals millions in tax arrears and unpaid leases for nearly 600 Alberta oil and gas companies

As of the end of 2024, property tax debt has grown to nearly $254 million, despite policies to stop deadbeat companies from acquiring new oil and gas wells
Municipal

Patrick Brown’s 2026 budget lacks key investments as his previous spending freezes catch up to taxpayers

Debt balloons, projects shelved in the Brampton municipal budget after years of budget freezes as property taxpayers face a hike of just under five per cent
Thought Leaders

Why is the CRA still targeting pandemic aid recipients?

Continued collection attempts against people who received pandemic benefits shows a punitive logic that doesn’t fit the scale of the alleged transgressions
Profession

Sunday News Roundup 26.01.25: Davos D-Day, audit watchdogs defanged, and more Canadian accounting news

Our weekly Canadian accounting news roundup includes the Mark Carney in Davos, the PCAOB and FRC pressured, PwC Canada and the Martel Ponzi, and much more
Business

CEO pay at record highs as workers struggle to make ends meet: report

To reign in some of the wage disparity, a report from the Canadian Centre for Policy Alternatives offers two solutions: a millionaire tax and a wealth tax
Profession

Sunday News Roundup 26.01.18: CPA Canada membership model, fatiguing AI slop, the dealbook and more Canadian accounting news

Our weekly Canadian accounting news roundup includes the benefits of national membership, the downside of AI for accountants and businesses, and much more
Business

Drop-off in renewable projects will deprive MD of major tax revenues

Alberta’s moratorium on renewable projects has created a hangover effect for municipal districts that received the benefit of steady tax revenue for years
Business

While residents struggle, Peel Region proposes massive tax hike

Difficult to understand need for 80% increase in Peel police budget over five years, say property taxpayers representing Brampton, Caledon, and Mississauga