National

Profession

Sunday News Roundup 24.06.09: Capital gains vote, Bondfield auditors, and more Canadian accounting news

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

Carbon Tax: Correction demanded for 'big error' in carbon price report

A recent PBO report overestimated the real costs of the carbon tax because it mistakenly included the impact of industrial carbon prices on individual Canadians
Profession

Sunday News Roundup 24.05.26: KPMG new boss, double tax fiasco, firm dealbook and more Canadian accounting news

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

Why the Trans Mountain Pipeline expansion is a bad deal for Canadians — and the world

Taxpayers are on the hook for an economically disastrous Faustian bargain that will burden future generations of Canadians as it contributes to climate chaos
Practice

Federal Court Of Appeal overturns GAAR assessment on the existence of alternative transactions

Canadian tax accountant and lawyer David J Rotfleisch explains why the FCA quashed a Tax Court of Canada decision involving a CRA GAAR abuse analysis
Practice

Federal Budget 2024 — Proposed Changes to Capital Gains Rules

Greg Farano of Gardiner Roberts LLP does a deep dive into the details of capital gains rule changes that may create uncertainty for taxpayers and their advisers
Profession

Sunday News Roundup 24.05.19: Shambolic tenant tax crisis, Poilievre capital gains op-ed, and more Canadian accounting news

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

Case Commentary: Persaud v The King – When can you claim tax deductions (Including medical bills) for dependants?

Tax residence is key, says Canadian tax accountant and lawyer David J Rotfleisch, to claiming medical expense deductions for dependents under the Income Tax Act
Thought Leaders

Economic growth tops the priority list for Canadian policymakers — here’s why

There's nothing wrong with challenging our assumptions, say academics from the University of Saskatchewan, but interest rates are higher than growth rates
Practice

Tax Court Of Canada rejects CRA's attempt to apply gross-negligence penalties in statute-barred years

Canadian accountant and tax lawyer David J Rotfleisch looks at the case of an Alberta restauranteur and an inheritance in Fuhr v. The King
Profession

Sunday News Roundup 24.04.28: More capital gains, more audit powers, and more Canadian accounting news

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

Queen's profs weigh in on federal budget

Two Queen's University professors question whether the Liberals have thought through the implications of their changes to capital gains taxation
Profession

Sunday News Roundup 24.04.21 PwC layoffs, MNP BC turmoil, and more Canadian accounting news

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

Canadian federal budget 2024: Does it deliver on ‘generational fairness’ promise for Gen Z and Millennials?

Whether the federal budget will help millennials and Gen Z through tax initiatives, says Gustavson accounting professor Douglas A. Stuart, is subject to speculation
Thought Leaders

Fossil fuel subsidies cost Canadians a lot more money than the carbon tax

Subsidies cost Canadian taxpayers roughly $214 per taxpayer every year — and unlike the federal carbon tax, Canadians don’t get a rebate on this tax
Practice

Airbnb sale subject to GST/HST

Amit Ummat and Alisha Butani of Ummat Tax Law provide an overview of the Tax Court of Canada’s ruling in 1351231 Ontario Inc v. The King, 2024 TCC 37
Practice

How international athletes are taxed in Canada: Toronto Maple Leafs' captain John Tavares embroiled in tax litigation with CRA

Tavares is a high-profile opportunity for the CRA to test the limits to the structuring of athlete salaries explains Canadian accountant and tax lawyer David J Rotfleisch
Practice

Case Commentary: Cassidy v Canada — using extraordinary circumstances, CRA's delays, inability to pay, or financial hardship

Why the Federal Court, in Cassidy v Canada, ruled that a CRA officer's decision was unreasonable, and the taxpayer received relief over unpaid taxes
Practice

What to do when the CRA refuses taxpayer relief

Tax accountant and lawyer David J Rotfleisch explains how a corporate director won relief from the CRA over payroll remittance in Maverick v HMK, 2023
Thought Leaders

10 reasons why Canadians are still dissatisfied with the economy, despite the upswing

Four accounting academics explain the disconnect between the pessimism of Canadians and an economy that seems headed for a soft landing
Profession

Sunday News Roundup 24.03.03 Mulroney legacy, PwC sole source, RPA rising, and more Canadian accounting news

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

Here’s what we can learn from Canada’s response to inflation in the 1980s and 1990s

Inflation is a tax on households, but don’t expect prices to revert to pre-pandemic levels, as interest rates could stay where they are for several more months
Practice

PCAOB finds fault with half of Ernst and Young Canada audits inspected

US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships
Profession

CPA Canada reduces operating budget with staff cuts due to accounting profession standoff

National organization has run two deficits in the past five years, says changes needed to ensure long-term success in challenging operating environment
Practice

The General Anti-Avoidance Rule may be expanding: What you need to know

Aron Grusko and Nick Noonan of Fillmore Riley LLP say recent legislative changes and Supreme Court decisions reflect an increasingly expansive view of GAAR