National
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Case Commentary: Csak v The King 2024 TCC – transfers of property while owing taxes to the CRA
David J Rotfleisch explains why the Tax Court of Canada found the Canada Revenue Agency's 1988 and 1989 reassessments statue-barred
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Taxpayer sidesteps gross-negligence penalties and $90,000 in taxable income because tax year was statute-barred
As David J Rotfleisch explains, the decision by the Tax Court of Canada in Abbass V The King centred on a bookkeeping error by the taxpayer's accountant
- COMMENTS 13
- LIKES 149
- VIEWS 160
Profession
The top Canadian accounting stories of 2023
From greedflation to a CPA standoff, it was a year when regulators got tough with auditors and the Supreme Court of Canada issued an earth-shattering tax decision
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Case Commentary: CRA violates procedural fairness for CERB/CRB claims
Canadian tax lawyer and accountant David J Rotfleisch examines the Federal Court decision in Cameron v. Canada (Attorney General) in favour of the taxpayer
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Made a mistake on your tax return? Here's how to change your Canadian tax return through the tax objections process
Canadian tax lawyer and accountant David J Rotfleisch explains the legal history behind the tax objections process but cautions against aggressive tax strategies
- COMMENTS 13
- LIKES 149
- VIEWS 160