Profession

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 auditor continues has shown 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
Practice

Case Commentary: Canada v. Csak – Why filing a waiver for a tax reassessment must be done within the normal reassessment period

Closing a dispute that had lasted for more than 10 years, the Federal Court of Appeal overturned a Tax Court waiver decision, explains David J Rotfleisch
Thought Leaders

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

While the tax could be replaced by an equally effective tool, its repeal increases uncertainty about Canada’s ability to support climate change mitigation
Practice

New guidance from the CRA: Transactions subject to the GAAR

The Canada Revenue Agency is now offering guidance on the application of the amended GAAR through a webpage, explains Raffaella Garofalo of Miller Thomson
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
Thought Leaders

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
Practice

Case Commentary: Onischuk v. The King – Tax Court rules cannot override CRA's statutory requirements

A nil assessment is an objection exception because it is not an assessment and hence cannot be objected to or appealed from, explains David J Rotfleisch
Business

Alberta: Municipalities want end to oil and gas property tax loopholes

Rural Municipalities of Alberta says it’s well-known in the oil and gas sector that municipalities are powerless to compel payment of unpaid property taxes
Business

Poilievre vows to kill industrial carbon pricing in ‘desperate’ move against Liberal surge

The central plank of Ottawa’s emission-reduction plan requires companies to pay a carbon price if they exceed a certain threshold of emissions intensity
Practice

Case Commentary: Uppal Estate v. the King upholds procedural fairness for Canadian taxpayers in tax litigation

The decision emphasizes the duty of the CRA in Tax Court pleadings and serves as a procedural safeguard for Canadian taxpayers explains David J Rotfleisch
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
Thought Leaders

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

Allan Lanthier explains how some Canadian corporations have redomiciled to the United States and why there may be more to come unless changes are made
Practice

Top 10 need-to-know Canadian income tax cases from 2024

From Dow Chemical to Coopers Park, Dominic Bédard-Lapointe, Anu Koshal and Al-Nawaz Nanji of McCarthy Tétrault review each case and its impact on taxation
Practice

A widow is not a spouse: Canadian court saves widow from the CRA's $100,000 derivative tax assessment

In Enns V Canada, 2025 FCA 14, the timing of an RRSP transfer was critical to the decision, explains Canadian accountant and tax lawyer David J Rotfleisch
Business

B.C. Conservatives pitch a carbon tax on U.S. coal as a trade-war measure

B.C. doesn’t use the American thermal coal that passes through its ports, but the province is a key player in the global coal market, moving US coal to Asia
Profession

Sunday News Roundup 25.03.02: Tax and trade tides turn and more Canadian accounting news

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

Two Atlantic premiers resign amid Canada's economic turmoil

Four years of trade wars and tariffs from the Trump administration could slash East Coast jobs and bring misery to Maritime premiers says political analyst
Business

Thunder Bay: 307 property owners owe $3 million in uncollected taxes

Muncipalities auction properties for the amount in property taxes owed (with a minimum tender bid) and will advertise sales in local and government media
Thought Leaders

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
Business

Ontario: Businesses, parents comment on tax holiday

While small business owners have mixed emotions about the tax holiday, some working parents were grateful for the beneficial break on goods and services
Business

Carney shifts carbon price strategy, pledges to make Canada a clean energy superpower

Liberal leadership contender Mark Carney is proposing to shift the financial burden of the carbon tax onto large corporations to fund clean energy choices
Profiles

Alberta: Yellowhead riding’s Conservative candidate speaks about diverse needs of massive riding

William Stevenson is a chartered professional accountant who served as a financial agent for multiple MPs; he wants to work on tax reform and the CRA
Business

Alberta: Details of Danielle Smith's spending cut committee revealed

UCP Premier Danielle Smith has created a cabinet committee to find government cost savings to pay for the postponed personal income tax cut election promise