Tax settlement In Canadian tax litigation: Challenges for Canadian taxpayers

Canada's courts say a CRA settlement must be principled and not a compromise, explains Canadian accountant and tax lawyer David J Rotfleisch

CPAB bans Vancouver accounting firm from auditing publicly listed companies

Audit regulator terminates Hay & Watson audit engagements, censures Calgary-based firm PKF Antares over new audit engagements with risk
Partner Posts

Streamlining accounting workflows and boosting efficiency with Loop

Joining Loop's accounting partnership program empowers accountants to enhance their practice, drive success, and deliver exceptional value to clients

Sunday News Roundup 23.07.23: US tax pressure, file those T2s, and more Canadian accounting news

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

CRA to introduce new automatic tax filing system as many Canadians miss out on benefits

Tax filing and tax software groups have been actively discouraging the CRA and its U.S. equivalent, the IRS, from implementing automatic returns

Bill C-47: New rules for reportable and notifiable transactions take effect

Ronald Nobrega and Devon LaBuik of Fasken on the responsibilities imposed on advisors, including tax professionals, by new reportable transactions rules

Ernst and Young Canada to pay $1.5 million in class action lawsuit over Just Energy audits

The Big Four accounting firm will also provide information relevant to the ongoing litigation against executives censured by the PCAOB
Partner Posts

How entrepreneurship tools are strengthening the relationship between business owners and their accountants

By recommending affordable and accessible entrepreneurship platforms like Ownr, Canadian accountants have a great opportunity to establish stronger professional partnerships with small business clients

Lawyer-client confidentiality may fail to protect end-product tax documents, says FCA

The BMO Nesbitt Burns decision draws a distinction between legal advice and end-product documents says tax lawyer and accountant David J Rotfleisch
Transfer Pricing

Royal Bank Of Canada: A common sense approach to tax treaty interpretation

Michael Hunt and Steven Wenham of Herbert Smith Freehills LLP explain a transfer pricing ruling in the UK Supreme Court in favour of RBC and an oil exploration loan

Canadian audit watchdog CPAB sanctions third BC accounting firm this year

Smythe LLP, Manning Elliott LLP, and DMCL have all been barred by the Canadian Public Accountability Board from accepting new, high-risk clients
Thought Leaders

GAAR Clips Westminster’s Wings

Vern Krishna, whose work was cited in the Deans Knight decision by the Supreme Court of Canada, explains the history of the Westminster principle and GAAR