Profession

Business

Sunday News Roundup 24.12.08: Ford rebates policing costs, defanging the audit watchdogs, and more Canadian accounting news

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

Timiskaming: Province provides assistance to offset 2025 policing costs

Ontario makes material change to fund OPP costs in 2025 but municipalities wonder what will happen in 2026 and beyond to offset potential property tax hikes
Business

OPP bills jumping in 2025: FONOM joining municipalities for province to take back OPP costing

Danny Whalen, president of the Federation of Northern Ontario Municipalities, says the Ontario government must take back responsibility for OPP costing
Business

Saskatchewan: CRA changes to note

A review of recent CRA changes of note affecting Saskatchewan residents, including farmers, such as electronic filing, correspondence and automatic filing
Business

Rural politicians relieved over $77M funding to cover spiking police costs

Queen's Park is doling out $77-million to help ease sticker shock in municipalities provincewide from Ontario Provincial Police increased contract costs
Business

New N.B. finance minister blames Tories as deficit grows to $92M

Prior to the provincial election, the conservatives had promised a milti-million dollar surplus, but healthcare costs have driven the budget into deficit
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

Alberta: Willow Creek Municipal District calls out deadbeat tax evaders

The municipality of Willow Creek has requested provincial support to “rat out bad actors” in collecting unpaid taxes from delinquent oil and gas companies
Business

Taber, Alberta: Shields calls for ‘relief’ during economy debate

In the House of Commons, fact and fiction aren’t always absolutes; they’re often selective interpretations of cherry-picked data, on food banks or taxation
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
Business

Midland mayor says premier promises relief for 'absurd' OPP costs

Ontario taxpayers may be saved from municipal property tax hikes if Doug Ford fixes ridiculous increase in police billing costs of new provincial contract
Profession

Sunday News Roundup 24.11.10: Trump taxes and trade, audit watchdog heeled, and more Canadian accounting news

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

Five ways Donald Trump’s election victory is good for Canadian accountants

From taxes and tariffs to deregulation, Donald Trump may scare Canadian economists, but accountants are sure to benefit from a second Trump term
Municipal

New Brunswick: A $29M fight over big industry taxes

New Brunswick business supports a Liberal plan to give all industrial property taxes to municipalities but is wary of decoupling taxation from the province
Practice

Case Commentary: Glencore v. Canada – How are commitment and break fees in M&A transactions taxed? Windfall or business income?

When the Supreme Court of Canada denied Glencore’s leave to appeal, it ended a 30-year tax dispute, and characterized complex M&A fees as business income
Business

Canadians are being given muddied information about the carbon tax; the facts are crystal clear — it saves money for most

Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy
Thought Leaders

The Big Four accounting firms often consult for the same clients they audit. Should that be allowed?

Accounting research shows that the Big Four, when engaged as compensation consultants, appear to uphold more rigorous standards than smaller counterparts
Partner Posts

Report: Canadian small business owners’ financial literacy skills come up short

David Emmerman of Xero explains how Canadian accountants and bookkeepers can empower small business owners with the financial resources they need
Profession

Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, and more Canadian accounting news

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

Case Commentary: When can directors, employees, independent contractors claim the small business deduction?

The Supreme Court of Canada recently denied leave to a taxpayer’s unusual appeal of a Tax Court decision, explains Canadian tax lawyer David J Rotfleisch
Business

Increased policing costs will impact all municipal budgets

Municipalities seeing shocking increases in Ontario Provincial Police costs and future property tax levies after Ford government’s OPP collective agreement
Partner Posts

The Accountant's Manifesto: Expecting more from Canada's financial system

In today’s fast-paced business world, why is money still moving at a snail’s pace? Every Canadian accountant knows the frustration of delayed transactions
Business

Carbon rebate 'double-double' helps Gananoque business

Federal Environment Minister Steven Guilbeault was in Gananoque to present a one-time rural top-up Canada Carbon Rebate to the owners of the Pistachio Café
Business

Willow Creek, Alberta: Carbon tax survey raises council’s ire

Alberta municipality Willow Creek responds with claims, complaints, confusion to provincial government survey on negative impacts of the federal carbon tax