Practice

Practice

Raymond Chabot Grant Thornton gets clean audit inspection sheet from US audit watchdog

A rare achievement for a Canadian accounting firm as the US Public Company Accounting Oversight Board finds no deficiencies in its inspection of two audits
Practice

When CRA reassesses you beyond the normal period for tax shelters for charitable donations

Canadian tax lawyer and accountant David J Rotfleisch explains how a taxpayer involved in a leveraged donation scheme won in Tax Court against the CRA
Practice

Case Study: Canada v. Hutchison Whampoa Luxembourg Holdings S.A.R.L.

The Federal Court of Appeal decision involving Husky Energy, Barbcos and Luxcos withholding tax is problematic says Lorne Saltman of Gardiner Roberts LLP
Partner Posts

How Canadian accounting firms are governing AI to drive advisory growth

A Q&A between Andrew Kanzer of Xero and Sophie Dillon of Orbit Accountants on the adoption of AI-powered advisory services at Canadian accounting firms
Practice

Case Commentary: Rotfleisch v. Canada – Filing an objection does not stop the alleged tax owing from accumulating interest

Canadian tax lawyer and accountant David J Rotfleisch looks at a Federal Court of Canada decision in a case going back to 2004 in which he was the applicant
Thought Leaders

Canada needs an open finance roadmap, not just open banking

Canada has a window to learn from open banking examples around the world and design an open finance roadmap that fits its own needs says Eric Saumure, CPA
Practice

PCAOB inspection report: Almost half of PwC Canada audits included significant deficiencies

PricewaterhouseCoopers lowered its deficiency percentage from 63 to 43 per cent, according to US audit watchdog review of seven audits conducted in 2024
Practice

CPA Ontario fines former KPMG Canada partner $50k over failed Laurentian University audit

Laurie Bissonette, who led the KPMG audit engagement team just prior to Laurentian filing for insolvency, also had her fellowship designation suspended
Practice

Tax evasion, tax compliance, and actual tax collection compared: Italy is worse, while Canada is improving

Italy relies on broad tax amnesty schemes to recover lost revenue; the Canada Revenue Agency prefers the structured, ongoing voluntary disclosure program
Practice

Concerns about overseas work cited as status revoked for two religious charities

According to the Canada Revenue Agency, the tax status of the two charities was revoked due to practices in Israel and the Democratic Republic of the Congo
Practice

The same but different — The types of dividends and their impact on taxes

Misclassifying the kind of dividend you declare can quickly land you in hot water with the CRA, explain Alex Shchukin and Mariem Naem of Devry Smith Frank LLP
Practice

Poor record-keeping sinks two Canadian charities

Evangelical World Outreach of Canada of Winnipeg and Mazel Charity Fund of North York both lost their charitable status despite 2020 CRA compliance letters