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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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