Practice

Profession

Public accounting regulator expands oversight powers

Bradley E. Berg and Sahil Kesar of Blakes review the first amendments to the regulatory rules of the Canadian Public Accountability Board in almost 20 years
Practice

Taxpayer's failure to review tax return contributed to negligence, Tax Court Of Canada finds

The CRA can reassess a taxpayer beyond the normal reassessment period if tax return misrepresentations are due to carelessness, neglect or willful default
Practice

Case Commentary: Watts v the King, 2024 TCC 100 — Enhanced costs of litigation

A recent Tax Court of Canada judgment shows why litigants should be aware of all potential court costs asserts tax lawyer and accountant David J Rotfleisch
Profession

MNP LLP closes year strong with major acquisition of 21 BDO Canada accounting firms

Homegrown national accounting firm MNP expands its presence in four provinces as a continuation of its ‘national in scope, local in focus’ growth strategy
Partner Posts

2025: The year AI becomes the accountant’s ultimate partner

2025 promises to be pivotal for accounting, says Ben Richmond of Xero, a moment when AI and mobile technology converge to redefine how accountants work
Practice

Court allows Canada-US tax treaty credit against investment tax

Allan Lanthier examines the recent Bruyea decision of the US Court of Federal Claims, which allowed a tax treaty credit against US tax on investment income
Practice

What are a taxpayer's rights during an access to information and privacy (ATIP) request for their own tax records?

Canadian tax lawyer and accountant David J Rotflesich looks at case law involving requests to the Canada Revenue Agency for disclosure of relevant records
Practice

Loupy's: Deemed self-assessment after GST/HST number cancellation

When a taxpayer ceases to be a GST/HST registrant, they can face a significant tax liability, as in the case of Loupy’s Restaurant before the Tax Court of Canada
Profession

CPAB censures Davidson & Company LLP for ‘numerous’ violations of independence rules

Vancouver-based accounting firm censured by Canadian Public Accountability Board based on information disclosed during inspection by US audit watchdog
Practice

Case Commentary: Onex Corporation v. Canada, 2024 FC

Section 1247, subsections 220(2.1) and 220(3), of the Income Tax Act can grant relief from tax reassessment and filing requirements, says David J Rotfleisch
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