Practice
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
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
British Columbia Court Of Appeal upholds additional transfer tax assessment in foreign entity trust case
Legal title matters more than beneficial ownership when it comes to BC’s additional transfer tax, say Cameron Funnell and Richard Baker of Watson Goepel
- COMMENTS 13
- LIKES 149
- VIEWS 160
Thought Leaders
Rudeness is hurting auditors’ ability to protect the public — here’s how
A new study co-authored by Canadian accounting academics shows negative behaviour from clients should be treated as an risk factor — and provides solutions
- COMMENTS 13
- LIKES 149
- VIEWS 160
Profession
Change of leadership at audit watchdog CPAB at critical time for audit, accounting regulation
Former Ontario Securities Commission regulatory executive Sonny Randhawa, CPA, CA to replace Carol Paradine at helm of Canadian Public Accountability Board
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Recent Tax Court cases on ISC business expenses
John Bassindale and Daniel Zhang of Millar Kreklewetz look at two recent Tax Court cases involving multi-level marketing and independent sales contractors
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
When late filing penalties apply under subsection 162(7), one's track record of respecting CRA filing deadlines matters
The recent Tax Court of Canada decision in Laurie v. the King highlights the narrow scope of the due diligence defence in regards to late-filed T1135 forms
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Can interest on U.S. tax arrears be deducted in Canada? Insights from Bank of Montreal v. the King
Amit Ummat of Miller Thomson LLP explains that, while refund interest may sometimes qualify as income, arrears interest on foreign taxes is not deductible
- COMMENTS 13
- LIKES 149
- VIEWS 160
Profession
Canadian Public Accountability Board extends enforcement action against Manning Elliott LLP
British Columbia based accounting firm will still be prohibited from accept new high-risk reporting issuer audit clients, says Canadian audit watchdog CPAB
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Agreements must be in writing: Hutchings v. the King, a case of Covid-19 rent subsidies
Paper, not promises, matter when it comes to government subsidies to businesses during the pandemic, though verbal agreements are customary for some
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
Couture v Canada (Revenue Agency) — How not to conduct a judicial review
Federal Court applications for judicial review must include essential or minimum elements, facts or legal grounds, indicating unreasonable CRA decisions
- COMMENTS 13
- LIKES 149
- VIEWS 160
Profession
BC accounting firm DMCL fined for AML/ATF non-compliance by FINTRAC
Canada's financial intelligence unit, the Financial Transactions and Reports Analysis Centre, levied the fine against Dale Matheson Carr Hilton LaBonte LLP
- COMMENTS 13
- LIKES 149
- VIEWS 160
Practice
When Canadian taxpayers have severe emotional trauma, documentation is key to taxpayer relief requests
The 2025 judicial review of Bifano v Attorney General (2019) demonstrates the need for documentation from psychologists, doctors explains David J Rotfleisch
- COMMENTS 13
- LIKES 149
- VIEWS 160
