Thought Leaders

Thought Leaders

Why can’t accountants prevent fraud?

How can the accounting profession prevent fraud — and protect both investors and the public — or is this a Sisyphean task?, asks Philip Maguire, CPA, CA
Thought Leaders

‘We got lazy and complacent’: Swedish pensioners explain how abolishing the wealth tax changed their country

For much of the 20th century, Sweden enjoyed a justifiable reputation as one of Europe’s most egalitarian countries. It’s changed over the past two decades
Thought Leaders

As Alberta separatists court the U.S., prosperity is fuelling a sovereigntist turn

The separatist movement and its grievance politics ignore the poor choices Alberta itself has made in terms of taxation, royalties and economic investment
Thought Leaders

Modernizing the GST/HST small-supplier threshold: A compliance fix hiding in plain sight

The issue is not whether GST/HST should exist. It’s whether the threshold governing its application still reflects sound administration in today’s economy
Thought Leaders

Filing taxes for someone else? Here’s how to do it safely

An academic study reveals that informal tax preparers — friends and family, not professional accountants — are not using the Canada Revenue Agency’s RepID
Thought Leaders

Why is the CRA still targeting pandemic aid recipients?

Continued collection attempts against people who received pandemic benefits shows a punitive logic that doesn’t fit the scale of the alleged transgressions
Thought Leaders

What’s missing from the Davos agenda: taxing the rich

New polling shows that taxing the wealthy maintains majority support, even among the wealthy themselves. That should be reflected in international priorities
Thought Leaders

Canada: Tax reform or tax collection?

Tax reform has received a lot of attention recently, without addressing the thorny issue of tax collection or enforcement, asserts Philip Maguire, CPA, CA
Thought Leaders

Billionaires with $1 salaries ― and other legal tax dodges the ultrawealthy use to keep their riches

People who earn a lot through their job, from doctors to executives, are carrying the largest taxation burden, alongside lower-wage workers, says Ray Madoff
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
Thought Leaders

What are the ethical issues that accountants should be aware of when using artificial intelligence?

When it comes to GAI, accountants can add the most value through their unique skills, such as model performance and reconciliation, explains Philip Maguire
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