Practice

Business

Thunder Bay: Doane Grant Thornton helps business leaders make a vibrant community

Doane Grant Thornton, which recently rebranded, held a Vibrant Communities civic improvement event at Fort William Historical Park for Thunder Bay business
Practice

How to use "well accepted accounting principles" to your advantage to calculate business or property income for a taxation year

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

Case Commentary: Glencore v. Canada – How are commitment and break fees in M&A transactions taxed? Windfall or business income?

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
Thought Leaders

The Big Four accounting firms often consult for the same clients they audit. Should that be allowed?

Accounting research shows that the Big Four, when engaged as compensation consultants, appear to uphold more rigorous standards than smaller counterparts
Partner Posts

Report: Canadian small business owners’ financial literacy skills come up short

David Emmerman of Xero explains how Canadian accountants and bookkeepers can empower small business owners with the financial resources they need
Profession

Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, and more Canadian accounting news

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

Case Commentary: When can directors, employees, independent contractors claim the small business deduction?

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
Partner Posts

The Accountant's Manifesto: Expecting more from Canada's financial system

In today’s fast-paced business world, why is money still moving at a snail’s pace? Every Canadian accountant knows the frustration of delayed transactions
Practice

When can the federal court quash abusive CRA decisions to assess taxes?

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

DMCL continues PCAOB audit inspection results with lower deficiency rates

Public Company Accounting Oversight Board in the United States releases audit inspection results for Vancouver-based Dale Matheson Carr Hilton LaBonte LLP
Practice

Tax practice reminder — there is no accountant-client privilege

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
Profession

Canadian accounting firm Grant Thornton LLP rebrands nationally, shifts business focus

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