These succession planning strategies can be cost-effective and save large amounts of tax that would otherwise be payable upon admitting the will to probate

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

Capping the stock option tax deducation is a a decisive shift away from stock options as a means of compensation but the overall salary gap remains high

The CRA can reassess a taxpayer beyond the normal reassessment period if tax return misrepresentations are due to carelessness, neglect or willful default

A recent Tax Court of Canada judgment shows why litigants should be aware of all potential court costs asserts tax lawyer and accountant David J Rotfleisch

From the benefits of a Trump presidency to CRA tax changes, here are the five articles and some honourable mentions that were read the most by accountants

Homegrown national accounting firm MNP expands its presence in four provinces as a continuation of its ‘national in scope, local in focus’ growth strategy

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

A progressive tax that punished the wealthy for their outsized emissions would be more palatable than a flat steering tax that hurts low-income Canadians

Canadian tax lawyer and accountant David J Rotflesich looks at case law involving requests to the Canada Revenue Agency for disclosure of relevant records

When a taxpayer ceases to be a GST/HST registrant, they can face a significant tax liability, as in the case of Loupy’s Restaurant before the Tax Court of Canada

There are measurable costs to carbon pricing but they pale in comparison to global factors; for many Canadians, the tax rebate is far larger than the costs

Canadian accountant and tax lawyer David J Rotfleisch explains how accounting standards like GAAP and IFRS pertain to business and personal income taxation

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

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

The Supreme Court of Canada recently denied leave to a taxpayer’s unusual appeal of a Tax Court decision, explains Canadian tax lawyer David J Rotfleisch

Small and medium-sized businesses will benefit from three federal initiatives says Federal Indigenous Services Minister Patty Hadju in Thunder Bay, Ontario

In Milgram Foundation, the Federal Court recognized the finality of the CRA's acceptance of a voluntary disclosure application, explains David J Rotfleisch

A recent Tax Court case is a reminder that taxpayers and accountants must carefully consider the nature of communications, says Molly Luu of Miller Thomson

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

Free trade deals with regular renegotiation requirements such as CUSMA put smaller economies under pressure to lose leverage and surrender policy autonomy

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

David J Rotfleisch explains how Department of Finance changes to legislation, which are expected to be retroactive to June 25, 2024 will affect stock options

When a taxpayer relies on other means to sustain their lifestyle, poker-playing activities fail to comprise a source of income, explains David J Rotfleisch

While Deloitte Canada continued its recent record of success, Kreston GTA respectfully disagrees with significant deficiencies cited by the US audit watchdog