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Loss-trading transactions to avoid paying tax disallowed by Tax Court Of Canada (GAAR rule)

In Total Energy Services v. HMK, the FCA upheld a Tax Court ruling that complex transactions satisfied three conditions of the general anti-avoidance rule

New Brunswick: New municipal fiscal framework announced by N.B. government

Expanded funding from the province is welcome news to New Brunswick municipalities, but a property assessment freeze has withered its delivery

Number of St. Catharines properties in tax arrears soars under current council

Recent property tax increases not due to inflationary pressures impacting most residents across Ontario but largely due instead to excessive labour costs

Seven multiple-choice question study tips I wish someone told me before the CPA PEP Core 2 accounting exam

CPA PEP MCQs might seem simpler than the CPA program’s cases, but they’re a lot more technical, explains CPA program coach and mentor Gevorg Grigoryan, CPA

Loss-trading transactions to avoid paying tax disallowed by Tax Court Of Canada (GAAR rule)

In Total Energy Services v. HMK, the FCA upheld a Tax Court ruling that complex transactions satisfied three conditions of the general anti-avoidance rule

New Brunswick: New municipal fiscal framework announced by N.B. government

Expanded funding from the province is welcome news to New Brunswick municipalities, but a property assessment freeze has withered its delivery

Number of St. Catharines properties in tax arrears soars under current council

Recent property tax increases not due to inflationary pressures impacting most residents across Ontario but largely due instead to excessive labour costs

Seven multiple-choice question study tips I wish someone told me before the CPA PEP Core 2 accounting exam

CPA PEP MCQs might seem simpler than the CPA program’s cases, but they’re a lot more technical, explains CPA program coach and mentor Gevorg Grigoryan, CPA

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Statements

Taxation

Allan Lanthier

Trump, tariffs and Canadian tax strategies: There must be 50 ways to leave your country

Business

Andrew J. Karesa and Douglas A. Stuart

Trump’s tariffs threaten Indigenous businesses in Canada — the government must take action

Public Sector Advisory

Bailey Church

Optimizing Canada's balance sheet: The untapped value of natural assets

Practice

Ben Richmond

Five years post-Covid: Reflecting on accounting’s 'new normal'

Technology

Brian McGlynn

How accountants can navigate tax implications for wealthy Canadian investors in a shifting political landscape

Tax Law

David J. Rotfleisch

Loss-trading transactions to avoid paying tax disallowed by Tax Court Of Canada (GAAR rule)

Taxation

Esteban Vallejo Toledo

Why tax literacy should be a national priority in Canada

Students

Gevorg Grigoryan

Seven multiple-choice question study tips I wish someone told me before the CPA PEP Core 2 accounting exam

Financial Reporting

Philip Maguire

Why accountants should spend less time on the numbers and more time explaining the results 

Taxation

Raffaella Garofalo

New guidance from the CRA: Transactions subject to the GAAR

Carbon Tax

Ryan M. Katz-Rosene

Who really killed Canada’s carbon tax? Friends and foes alike

Accounting News

Profession

Sunday News Roundup 25.05.04: Federal election disappoints accountants and more Canadian accounting news
Our weekly Canadian accounting news roundup includes election disappointment among conservative accountants, the PCAOB fighting to survive, and more.
Business

Property taxes in Whitehorse, explained
The Yukon calculates property taxes differently than in other parts of Canada, primarily due to a lack of data, which impairs market value assessments
Profession

Sunday News Roundup 25.04.27: Election tax talk, CRA mishaps, PCAOB gutting, and more Canadian accounting news
Our weekly Canadian accounting news roundup includes tax commentary during the federal election campaign, the end of the PCAOB, mishaps at the CRA and more
Profession

Which Big Four accounting firm failed its annual inspection (again)? Maybe we’ll find out in 2026
The Canadian Public Accountability Board has released its annual inspection results. One Canadian firm continues to show no public audit improvement
Business

Alberta: Working group to explore unpaid oil and gas property tax problem
After months of sustained pressure from municipalities and media, Alberta has announced a working group to solve issue of unpaid oil and gas property taxes
Profession

Historic change to audit inspection reports announced by Canadian accounting watchdog
With its rules now changed, the Canadian Public Accountability Board will begin to name names in its annual audit inspection reports, beginning in Q1 2026
Business

Sunday News Roundup 25.03.30: Considering Carney and more Canadian accounting news
Our weekly Canadian accounting news roundup includes Mark Carney and his Brookfield track record, accounting firm dealbook, articles of interest and more
Practice

US audit watchdog censures KPMG Canada for repeatedly failing to accurately disclose who performed audits
Public Company Accounting Oversight Board levies US$700k against KPMG Canada, US$3.375 million in total against nine member firms of global network

CPAs in 2025: Frustrated, overworked, and underappreciated

From uncertainty to compliance to staffing, Chartered Professional Accountants say their stress is not offset by client appreciation, reports Dean Blachford



Protecting CPAs using solicitor-client privilege

Chartered Professional Accountants may be enveloped into privilege if they are the client’s agent, pursuant to an agency agreement, explains Dean Blachford